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

To: Spartex who wrote (30050)	1/25/2000 11:23:00 AM
From: Paul Fiondella	Respond to of 42771

Noorda proves them wrong again Caldera is about to go public with an initial IPO. This should make Noorda more money than those on Novell's current BOD could ever imagine. Noorda was viciously trashed for having bought Wordperfect & Unix at very high prices. People thought he was crazy for going head to head with MSFT and running Novell into the ground in a futile effort to defeat the growing Wintel monopoly. Although some of these acquisitions were misguided, and the prices smelled of good ole boy insider dealings, the basic problem that Noorda faced was two fold. The company and the networking industry had grown to the point where it required somebody with very deep technical knowledge and skills to mine the Novell gems and get products out the door--- Eric Schmidt. Novell missed the internet. I doubt whether it would have done that if this next generation of CEO management was in place. Obviously Noorda didn't have that level of insight. What entrepreneur wants to give up his baby. And look at Apple and Gates current state of denial about Microsoft. Nor should we underestimate what it took to get Eric Schmidt on board!!! It looks easy now but you should go back to the Marengi days and read some of the posts. Talk about a braindead BOD. (And most of them are still there. Shouldn't there be something like term limits for some of these people!) Secondly Noorda went up against a monopoly that nobody wanted to stop. Wintel was so deeply entrenched in making money for Wall Street that no one would recognize what Noorda was saying about the death grip of the Microsoft monopoly on the industry. Now Noorda has been vindicated once again. This time not by the courts but by the market. This time by being right there at the beginning of Linux with Caldera. Let's hope he takes all of the IPO money and creates another 100 little companies for all of Novell's smart engineers going out on their own to get seed money from.