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Technology Stocks : George Gilder - Forbes ASAP -- Ignore unavailable to you. Want to Upgrade?

To: 2brasil who wrote (2401)	12/23/1999 6:25:00 PM
From: Kent Rattey	Respond to of 5853

Novell rises after Toshiba Deal,Guru's endorsement LOS ANGELES (Reuters) - Shares in Novell Inc. (NOVL.O), a maker of business management software, soared more than 18 percent on Thursday after the company struck a licensing deal with Japan's Toshiba Corp. (6502.T) and won an endorsement from a top technology guru. Novell shares ended up 7-1/4 at 34-5/16 on the Nasdaq stock market after hitting a 52-week high of 34-3/4. The rise followed an announcement that Toshiba had licensed Provo, Utah-based Novell's Internet caching system, software that makes Web pages load faster and boosts download speeds. Other computing giants using Novell's caching products include Compaq Computer Corp. (CPQ.N), Dell Computer Corp. (DELL.O) and International Business Machines Corp. (IBM.N). ''This Toshiba deal is nice. Maybe it's finally getting across to people that Novell has extraordinary caching technology,'' said Joel Achramowicz, an analyst with Preferred Capital Markets. ''The new Novell is in markets where they have little competition.'' Citing figures from the Internet Research Group, Novell said the global caching market is on pace to hit nearly $2.2 billion by 2003. Achramowicz said it was unusual for a stock to move so dramatically on a relatively routine business deal, and he pointed to a report by business and technology pundit George Gilder as the real driver. In a monthly report, Gilder said he had added Novell to the list of companies that he believes are vital parts of the Internet revolution, Achramowicz said. ''That's an important vote of confidence,'' Achramowicz said. Officials with the Gilder Technology Group, which issues the report, could not immediately be reached for comment. Novell also could have received a boost from a general rally in technology stocks that lifted the tech-heavy Nasdaq Composite Index (.IXIC) past the 4,000 level for the first time on Thursday.