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

To: Elmo Gregory who wrote (36505)	5/10/2001 1:42:38 PM
From: Paul Fiondella	Respond to of 42771

Are you on point today!!!! What difference does it make if the company shows $.02 a share this quarter, if they have to write off that $125 million in Q3 and Q4? Short term quarterly numbers cannot hide the truth of the situation. You cannot cut $125 mil out of Novell and still have a company that develops products. One only has to hope that these guys are willing to understand that a silly shoot yourself in the foot cost cutting measure short term cannot make up for bad decisions long term. You improve the long term decision making, you don't sell your seed corn to "meet the numbers".

To: Elmo Gregory who wrote (36505)	5/15/2001 12:55:31 AM
From: Dave Gahm	Respond to of 42771

Elmo, Apologies for the delayed response, it's been a busy week. While those impending writedowns are not good news, they are inconsequential in the long run, and will most assuredly be ignored by Wall St. Exceptional items are always clearly separated from operational numbers in quarterly reports. Novell will be judged and valued on it's ongoing performance, not by one-time adjustments to book value. Novell is in good company with this situation, many other tech companies, with INTC being a notable example, have equity investments that are far under water. Regards, Dave