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


To: zwolff who wrote (31864)5/23/2000 6:55:00 PM
From: Paul Fiondella  Respond to of 42771
 
Buyback

The explanation is that they were prevented from buying back their shares after they pre-announced. In other words they could do no buying during the big slide.

I would still like to know who oversaw this buyback. It was handled the way Peter Troop handled the audio webcast today ......



To: zwolff who wrote (31864)5/23/2000 7:07:00 PM
From: Captain Jack  Respond to of 42771
 
zwolf -- how about they knew the numbers were going to suck big time and tried to get enough shares off the mkt to add a penny to eps??? LOl!!! They have to do something with that cash! Maybe we should offer them our shares at 50% of what they paid. $15 is more than we will see in this decade... LOL!!!!