Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: EPS who wrote (27204)	6/18/1999 9:35:00 AM
From: DJBEINO	Respond to of 42771

Novell sells most of SCO shares By Reuters Special to CNET News.com June 17, 1999, 8:05 p.m. PT Novell sold 1,363,750 common shares of Santa Cruz Operation today, lowering its stake to 300,000 shares. SCO financial officer John Luhtala said he plans to buy those remaining 300,000 shares for SCO's current stock repurchase program, which would eliminate Novell's stake in SCO, a rival network software maker. Luhtala said he won't be able to buy the shares until after SCO has released its earnings, expected on July 20. The 1,363,750 shares that Novell sold this morning were placed with several institutional investors whom Luhtala declined to identify. Yesterday, Novell, based in Provo, Utah, said in a Securities and Exchange Commission filing it had lowered its stake in SCO, based in Santa Cruz, California, to 4.84 percent, or 1,663,750 common shares. Novell had previously held 7.95 percent, or 2,731,750 shares. SCO shares rose .25 to 5.84375 on Nasdaq on today. news.com