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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: jim A who wrote (721)5/21/1996 2:34:00 PM
From: vinod Khurana   of 42771
 
Hello Jim,

I browse the NetManage board once in a while but have not invested
in the company....yet. I have been looking elsewhere and my portfolio
of different stocks had been growing that it was becoming hard to manage (and follow) them all. Now that I am out of my profitable call options, Microsoft, Merck, Chiron, Amgen, and out of the losers, AutoDesk, I will pay some attention to NetManage.

I am fully invested in NOVL (to my allowable limit). NOVL bothers me in that it has become a slow 'mover' and the premiums on the options are falling or not keeping in pace with the stock. June 15 calls are losing ground faster than the stock is moving down. I placed a sell order on the June 15 calls at $1 yesterday but to no avail. The option traded as high as $1 but the demand was not there to scoop up all the call options at that price. I'll watch it for a little while longer o.w will get out at break even. August calls are a safer bet.

No doubt NOVL is in trouble but to what degree remains to be seen. When EDS switched to NT, I had this gut feeling that GM would follow suit even though GM no longer owns EDS. Put it this way: The more +'ve publicity NT receives in the press, the higher the probability that companies will install NT. Novell could end up with a large NetWare 3.x client base (i.e if it isn't broke, why fix it).

With the recent departure of a senior executive from NOVL, things COULD be getting worse. I am not as optimistic as Eric on the news that will come out in the next two weeks but I do have a wish: to see
the stock rise to $16 before May end.

I bought into Exxon (XON) July 80 call options this morning and am looking seriously at the retail sector. With consumer confidence rising, the retail sector (Federated department stores [FD]) look attractive but I will not buy until this stock correct at least 10% from the highs.

Wish you the best in NetManage and will let you know when I get in.

V.K
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