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

To: Robert Sloan who wrote (28168)	9/18/1999 10:31:00 PM
From: Sidney Street	Read Replies (1) \| Respond to of 42771

You asked for comments. OK. Enough of the sarcasm already. NOVL has slid back from thirty for the same reason your favorite, CKFR, has slid back a similar percentage in the same time frame. Anyone investing in an Internet infrastructure stock is placing a bet on a future which cannot be predicted with any degree of certainty. That's why we hope for great rewards - for taking that kind of risk. The NOVL story is a lot less goofy than many others in this investment universe. It makes real products which address real needs, and it gets paid real money for them. And we have a reasonable basis to believe that more will be offered soon. Finally - one of the functions of a board like this, with characters like Frederick and so many others, is to give us the courage of our convictions to hold tight and not sell while we're waiting. By implying that we are fools for holding a stock that has slid back from 30 to 22, you demonstrate a lack of appreciation of the vagaries of the market.

To: Robert Sloan who wrote (28168)	9/18/1999 11:29:00 PM
From: Bearded One	Read Replies (1) \| Respond to of 42771

Sure. This thread is full of very informed technically literate people who work in these industries. They're all pretty sure that Novell is going to do very well in the markets it is looking at, and is perhaps going to dominate several multi-billion dollar markets. Major predictions made on this thread have come true-- specifically Novell's success in the directory markets, Novell's strength in the caching markets, and the importance of digital-me to Novell's plans. What we don't have too much of on this thread is day traders-- the type who can take a company with 20 million dollar revenues and pump it up into a billion dollar stock. Novell is dropping because people are afraid of Windows 2000. The people on this thread with the good track record are not afraid of Windows 2000 at all. It make take a year or so for this to shake out. If you don't want to deal with drops in Novell's stock price, then get out of it and wait a while. Of course, you take the risk that the public will catch on to the company before you get back in. With all the stupid money out there, there's no way to predict the winners or losers as far as stocks go in the short term. Novell has shown growth in revenues and earnings while lowering inventory and getting bad news out of the way. If that leads to a drop in stock price, so be it. You have to play the odds even if you lose a few.