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

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To: Gaillard Rembert who wrote (8662)2/27/1997 6:54:00 PM
From: Joe Antol   of 42771
 
Gaillard. You may be right about that "particular" post I said to pass as email to your superiors. I'll give you another email that I'd like you to pass back, and I think you'll find a hard time classifying it as a candidate for the trash basket, as you put it.

But first, I see you haven't been following this forum too long, so your statement of "me obviously finding a forum for my hostility" is quite incorrect. The tone of this statement infers that, I a) am not long on this thread, and b) I enjoy creating disruption. Both the previous are untrue.

Yes, Gaillard, I am fully aware of the the 4/9/97 stockholders meeting, and while you may think your suggestion of my showing up there to voice dissent may perchance produce some kind of "action", I must strongly disagree with you, as I perceive that affair as an exercise in futility. You finish your suggestion with challenging me to make some "constructive" suggestions, and also state that I don't back up what I say. Well, Gaillard, I suggest to you, that you do some extra-curricular reading on this 8500 post thread. I am very, very
very sure you WILL find "countless" "constructive suggestions", ALL of which have been spoken to "deaf ears" for the last 1.5 years. Surprise! Also, if you read my interview in Barron's Online, you will find similar if not more amplified "constructive criticisms" of your company, our company should I say?

I believe I have "put up" in spades, "dude". So maybe you should be the one who "shut's up" and thinks a bit before you let your fingers do the typing, because I think your hands are running faster than your brain.

Now, here's some JIT (that's Just in Time) advice for your fearless leaders:

=====================================================================
1997 11:26:04 -0500 (EST)
Date: Thu, 27 Feb 97 11:42:28 PST
From: Christine Burns <cburns@nww.com>
To: jantol@VNET.IBM.COM
X-PRIORITY: 3 (Normal)
X-Mailer: Chameleon 4.6.3, TCP/IP for Windows, NetManage Inc.
Message-ID: <Chameleon.970227114402.cburns@cburns147.nww.com>
MIME-Version: 1.0
Content-Type: TEXT/PLAIN; charset=US-ASCII

JOe. Thank you for your response. My story, however, has
been bumped in favor of the the 3Com/US robotics merger, I
am going to try to get a brief printed on the resutls and the
ensuing dismay for the 3/3 issue. Unfortunately, there is no
way to get anything into print prior to that.
--- On 27 Feb 1997 11:25:48 EST jantol@VNET.IBM.COM wrote:

>*** Reply to note of 02/27/97 10:37
>From: Joe Antol
> e-mail: jantol@vnet.ibm.com
>Subj:
>Subject: NO SUBJECT
>Christine,
>
>Yes, this is the same group. You may quote anything I say
here,
>but as in our discussion the other day, .... Having said that:
>
>Yes, I and all of the people on the Silicon Investor site heard the
>conference call last night. I have also received a fax today of the
>press release from Novell, Inc. I suggest you go to the site.
>
>The facts speak for themselves, as I had discussed with you. The
>"numbers" speak for themselves as I had discussed with you. And,
>the "truth" speaks for itself for anyone who looks at this situation
>objectively, and unemotionally.
>
>The reaction of the financial markets is exactly as expected, and
>we now know, amongst other firms, Brown Brothers has downgraded Novell,
>Inc. to AVOID from HOLD, and LONG-TERM UNDERPERFORM from MARKET PERFORM.
>
>The Board of Directors as a whole and John Young, CEO, and Joseph Marengi
>President and COO in particular have now sealed the fate of this company.
>The're performance has been miserable, and it is now evident to all.
>There is "nothing" either of them can say that will get them out of this.
>
>The Novell Investor Coalition does not want to wait, and wait any longer.
>The coalition wants "IMMEDIATE" removal of John Young and Joseph Marengi.
>There is "nothing" they can say, do, or "spin" to remove the damage they
>have done to this once fine company, it's employees, and business
>partners. They are incompetent, inept and mired in the "old management".
>
>We are now trying to contact CalPERS (Brad Pacheco) as we speak. Perhaps
>now that Novell, Inc. has lost another 20% of it's market value, and
>the RAFT of downgrades you will see on this security, CalPERS will be
>"much more interested" in the shares that have been pledged to them
>to begin a process to oust the Board of Directors, and/or request
>that the company be "shopped".In addition, we will be propagating
>over the Internet, wherever we can, a complete PR from "our"
>perspective to level set this company. Also, we want to take a
>full or half page adv. in the Wall Street Journal voicing our
>opinions, wishes and desires. And the funding process for this
>will be through donations, from "our" pockets.
>
>Joe Marengi, uses "pride" as a reason for shunning innumerable requests
>and suggestions on how to make this company competitive and profitable
>again (re: Jesse Berst, PC WEEK). John Young, who was chartered to FIND
>a replacement CEO for Robert Frankenberg did not execute his fiduciary
>responsibility to the shareholders of this company. The facts are,
>they remained adamant, unwilling to listen, unwilling to change, and
>I can only assume this is because of the gross inaction of the Board
>of Directors of Novell, Inc. What else could it be? Obviously, this
>question is rhetorical. I have received since last night, email not
>only from the investors, but the EMPLOYEES of Novell, Inc. with
>nothing but disgust for their management, and praise for what we
>are trying to do. February 26, 1997 was a very sad day for this once
>fine company.
>
>Thank you for your response, and I DO hope you print something both
>online and in hardcopy sooner than 3/3/97, OR for that matter,
>IN ADDITION TO what you may print then.
>
>Also, please feel free to pass this to any and all of your collegues
>in the media (with my caveats about company identity and location)
>Thank You.
>
>Joe Antol
>
>-----------------End of Original Message-----------------

-------------------------------------
Name: Christine Burns
E-mail: cburns@nww.com
Date: 2/27/97
Time: 11:42:28 AM

This message was sent by Chameleon
-------------------------------------

======================================================================

So you see, I make constructive criticism. The problem is, as I read "you", you don't like to hear it.

Hey there, dude, or dudette,

Have a nice day.

Joe...
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