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

To: zwolff who wrote (31891)	5/24/2000 7:34:00 AM
From: Frederick Smart	Respond to of 42771

When Will "Flip" Nelson Buy Back His 300,000 shares??? >>Please explain the method NOVL used to manage to spend 500 million dollars buying 20 million shares of its own stock at an average price of 25 (during the last quarter the average price was more than 30 dollars). Message 13761914 Please tell me that some rational method was used and explain the method. Please tell me that after looking after this hard earned money for so long the shareholder's money was not burned. Please tell me that NOVL will continue it's buy back program now that it can buy its own shares @9 rather than 30. A surreal explanation: maybe the method NOVL used for the buyback was that every time some employee wanted to sell their options at whatever price the stock was at the time they went ahead and bought them out. Please tell me it is not so.>> zwolff: You might begin by asking Stewart Nelson. He got 300,000 shares from Novell's treasury last fall upon taking the COO role. This was AFTER he sold out his 300,000 shares earlier in the year. It's this cynical - what's in it for ME first - "heads I win, tails you lose lock on the inside risk track" attitude that's been corrupting Novell from deep, deep inside this company. Nelson could redeem himself by giving us all clear evidence that not only does he believe in this company, but that he CAN show evidence of this belief by BUYING shares in the open market.....NOW!!!! Other senior executives could do the same thing. Peace. GO!!