Novell (NOVL) dirt cheap, good buy? Message Board

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Technology Stocks : Novell (NOVL) dirt cheap, good buy?

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To: Elmo Gregory who wrote (8287)	2/21/1997 10:28:00 PM
From: E_K_S	of 42771

Absolutly not! In no way do I think our Board is acting "fraudulent". Maybe irresponsibly but not fraudulently. I only want a board that reflects the interests of the shareholders, the future interests of the company and those with expertise in the (networking) industry that have a proven track record. You do raise a very good point regarding "conflict of interets". The industry and technology is changing and I think the board needs to reflects an understanding of this new and dynamic business. Four new members would indeed achieve this. I would like a new CEO to have as much latitude as possible to nominate a board that will help him/her to implement their business plan. Therefore, we really need to know who the new CEO will be BEFORE we can identify board candidates that complement the new CEO's 'vision'. My only comment was that the current board reflects experience from industry sectors that are not relevent to our new company's focused vision; 'Networks', the 'Internet' and the 'corporate Intranet'. I would hope that the new CEO with four slots to fill (to get to the nine you stated) would consider candidates that have more experience in the computer, distribution, customer service, consulting, networking and VAR fields than those now represented. My concern is that if acting CEO Marangie is elected as our leader, we do not get new board members (four new members) that better reflect the state of the industry. If not, we as shareholders must speak out (including CalPERS and SWIB). A lot of this will be moot once the new 'plan' and CEO is announced. I am just a bit concerned that shareholders are a bit in the dark on this very important decision. Look, how often do you get a chance to have input into a board where 'FOUR' members will be elected! Ask Hilton and ITT...<GR> EKS

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