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

To: Scott C. Lemon who wrote (18483)	11/13/1997 1:08:00 AM
From: Steve Fancy	Read Replies (2) \| Respond to of 42771

Hi Scott, >> In the meantime, maybe you can explain why the key was thrown away to the the financial arrangements of Novonyx.<< I have no idea what the requirements are. I am sure that their general counsel David Bradford (who keeps selling off his stock for some reason) has kept it within legal bounds. The issue here is why are they so sneaky about it. If this is such a great deal for shareholders, why not reveal the details. Sounds like you agree that shareholders are not entitled to information that will likely prove beneficial or detrimental to their investments. If Novonyx were on the up and up, and not just a vehicle to screw shareholders, I may not have bailed out of Novell at the time I did. If the Novonyx were any kind of advantage to shareholders, why keep it a secret. >> Novell executives lied and made it clear they felt this was not shareholder business.<< I think I covered this above. Based on the situation Novell is in, and the situation they have put their shareholders in, the issue should not be a question of what do we have to reveal. If I remember correctly, initially someone at Novell was quoted as stating that Novell funded 20% of the startup. Again, if I remember correctly, the same individual came out a few days later and denied ever saying it. I'd have to go back through the thread to be sure, but it was something of that nature. It seems obvious that Novell does not feel shareholders should be priviledged with this information for some reason. On the other hand, sounds like you understand all the financial arrangements with Novonyx, and agree with them. Can you explain this to me? If not, know anyone who will? >> Novonyx concerns have been written up in the trade rags also.<< C'mon Scott. If you don't give 'em some guidance, imagination can run wild. Nobody knows what the hell is going on with Novonyx, or more importantly, the why's. Probably won't see a serious, well thought-out business article on Novonyx until someone from Novell or Novonyx writes it. Think it'll happen? >> This arrangement appears to be the mastermind of John Young, who has proven himself beyond a doubt to be a crook, IMO.<< Because John Young was the acting CEO and COB at the time the Novonyx arrangements must have been created, besides, this is John Young's style from what I can see...stealth mode. This one dosen't take a brain surgeon Scott. Further his ex right hand man, Marengi, is on the Novonyx Board. A lot of Marengi's right hand men are Novonyx executives. Do you feel it right for employees who walked down the hall from Novell to Novonyx to receive severance pay. Do you know if they did? >>I wonder if poor Dave Stevenson's (used to be Novell employee) mother is still holding her stock that she purchased at 29?<< I'd consider giving it a try, but haven't had a lot of luck getting the folks at Novonyx to respond to email. I think this company is dirty. I think you know it. As always, good luck. sf