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

To: Steve Fancy who wrote (18481)	11/12/1997 11:26:00 PM
From: Scott C. Lemon	Read Replies (2) \| Respond to of 42771

Hello Steve, This is a very interesting subject ... both the issues that you raise about the venture, and the product/sales issues. I'm curious to learn more (not being as astute on the shareholder issues) about some of your comments. When you said: > In the meantime, maybe you can explain why the key was thrown away > to the the financial arrangements of Novonyx. What are the requirements here? I know that you are not happy with the information that you obtained (or lack of!), but what are the actual requirements towards shareholders? > Novell executives lied and made it clear they felt this was not > shareholder business. Again I would be curious about the requirements here ... you state that they lied ... what are the rules, etc. (laws?) about this situation ... > Novonyx concerns have been written up in the trade rags also. So some reporters who can't dig up anything else write some interesting market hype stuff ... I'm not sure that I have read a serious, well thought-out article about this yet ... > This arrangement appears to be the mastermind of John Young, who > has proven himself beyond a doubt to be a crook, IMO. In all my involvement with the Novonyx project I never heard his name once, nor saw him anywhere near it. I'm wondering what specifically makes this "appear" to be the idea of John Young? I don't really know him, nor have I been able to recognize anything specifically as his work. (yeah ... I know that there can be all kinds of flames made about this last sentence ...) > I wonder if poor Dave Stevenson's (used to be Novell employee) > mother is still holding her stock that she purchased at 29? I'm not sure ... call him and ask ... he now works at Novonyx! ;-) Scott C. Lemon

To: Steve Fancy who wrote (18481)	11/13/1997 12:51:00 AM
From: Don Earl	Respond to of 42771

Hi Steve, You're right. I never got a single word back from the e-mail I sent Novonyx. If you ask Novell IR about Novonyx they just say it's an independant company and they don't know anything about it. Pretty hard to believe when you consider they used our money to set it up! From press releases I've read, I understand the first Novonyx product out the door is going to be in direct competition with Group Wise. Also, from what I understand Group Wise is the only Novell product at this point that is showing year over year growth. Further more, from what I understand the only thing Novonyx is doing is setting up Netscape products to run on Net Ware. I don't believe I've seen anything anywhere that indicates ANY Novell products will be marketed through the new company. The only way any of this could possibly help Novell share holders is if Novonyx was created to merge Netscape/Novell products before merging the two companies. If that is not the plan, maybe the next big announcement will be a similar agreement with Microsoft, so Microsoft can sell to Novells' installed base. I'm sure there would be lots of wonderful PR about what a great deal that would be for Novell. Those 900,000 options of Schmidts, were they calls or puts? Regards, Don