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

To: sixty2nds who wrote (42311)	6/22/2006 6:19:49 PM
From: sixty2nds	Respond to of 42771

14:41 NOVL Novell: JMP Securities positive on management change and open source technologies; near-term challenges loom (6.57 +0.57) -Update- JMP Securities see the appointment of Mr. Hovsepian as positive for NOVL but do not recommend investors chase the shares yet. Firm believes co still faces a number of near term challenges, including stemming the declines in its legacy business, improving execution in its Linux platform business, working through significant international management changes and further reducing its cost structure. Firm believes that by delineating the duties of C.E.O. and Chairman of the Board, co is instituting a more constructive relationship between its D.O.B and C.E.O. Firm notes that they may get more positive on NOVL because: 1)O.E.S. customers are adopting Linux and other open source technologies; 2)co's collaboration products are not entering the same type of secular decline as Netware business; 3) its international business units are improving execution given the significant management changes Mr. Hovsepian has made; 4)co's cost structure is better aligned for maximizing profitability in its legacy business and driving growth in its emerging business units.