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: vinod Khurana who wrote (8667)	2/27/1997 5:00:00 PM
From: vinod Khurana	of 42771

Assuming worst case EPS at $0.60/share, NOVL will trade in the $7 - $8 range. At $0.75/share, expect it to trade in the $9 - $10 range. If a buyout occurs, expect no more than a 50% premium (US ROBOTICS premium: a measly 14%). That puts the buyout at between $12 - $15. The cash component is only worth $3/share and that assuming management isn't having a good time with that $1 billion. How can we be reassured it is still $1 billion ? Anybody at NOVL know if caviare is served in the executive boardroom ? V.K

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