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

To: Steve Fancy who wrote (18485)	11/13/1997 1:29:00 AM
From: Steve Fancy	Read Replies (3) \| Respond to of 42771

Scott, for some reason my post to you dropped your responses to my previous statements. Makes the post read funny, but you know what you asked. sf PS: If you write me back and ask "Who said Novonyx was a good deal for the shareholders?", I won't respond back.

To: Steve Fancy who wrote (18485)	11/15/1997 3:27:00 PM
From: Scott C. Lemon	Read Replies (2) \| Respond to of 42771

Hello Steve, You stated: > 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. If the current situation is legal ... then I am curious about the strategy here. Obviously, making details of this public provide both you, and competitors, with this information. Is there any reason at all that Novell and Netscape might not want this information in the hands of the competition? (I guess that I'm looking for an answer to your questions ... other than "They are trying to cheat the shareholders ...") > Sounds like you agree that shareholders are not entitled to > information that will likely prove beneficial or detrimental to > their investments. Wow ... interesting interpretation. I would say that I agree more that shareholders should receive the information that is beneficial or detrimental to their investments ... as long as it is not harmful to the company to do this and it does not compromise corporate policies or secrets. I truely think that it would be foolish to release information to the public that might impact the company by helping the competition. Until I can think through all of the possible reasons, I don't know that I will leap to negative conclusions. > 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. I currently have no information which indicates that Novonyx is not on the up and up, and I would think that it is very obvious what the advantage to shareholders is: more industry leading applications running on the NetWare platform ... more options for customers to continue to invest in their NetWare installed base. > 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. I would suggest the press, rather than this thread. I remembered seeing a post which indicated at John Young was no longer getting $10k per week, however this issues continues to waste bandwidth here and is represented in a variety of ways. I can understand frustration to a degree, but the comments on this thread cover a wide range of accuracy. > It seems obvious that Novell does not feel shareholders should be > priviledged with this information for some reason. Or competitors? > Or > > 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? Nope ... I know some of the terms which were discusses, and some of the original agreement. I have no position to comment on these, and again think it would be foolish for me to do so to the public. I can't explain it to you, but I'm sure that someone would if they felt it was appropriate. I know that you don't like this answer, but I hate to be paranoid about everything ... I just don't get the impression that we're dealing with a bunch of anti-shareholder sentiments here. > C'mon Scott. If you don't give 'em some guidance, imagination can > run wild. C'mon Steve ... you don't think that the press are bought and paid for by their advertiser Microsoft? ;-) There's so much propoganda out there now that PC Week is reporting bugs in the NT v5.0 Beta ... imagine that ... bugs in Beta code! They just write what they're paid to write. I'd love to see many of the rags return to actual educational material instead of just propagating crap ... I would think that the writers would want to really learn and understand the technologies, impacts, and values. > 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? I've read several press releases lately, and even ones that included positive comments on the products, etc. > 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. I'll have to remember that one ... any form of "stealth mode" is a Young style ... ;-) > Further his ex right hand man, Marengi, is on the Novonyx Board. I would have expected that some Novell executive would have been appointed to the board upon the creation of the company ... your preference would have been? > 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 mean that many of the people who held executive positions when Joe Marengi took control are now Novonyx executives? Yes ... I know that. Are you suggesting some sort of "secret" ties? Conspiracy? I'm glad that they chose to move into positions where they can continue to help Novell, rather than taking their abilites to competition or other companies. > Do you know if they did? [receive severance pay] No ... do you? > I'd consider giving it a try, but haven't had a lot of luck getting > the folks at Novonyx to respond to email. Yep ... they are very busy getting products out ... try Dave ... you seemed to have a certain confidence in him. > I think this company is dirty. I think you know it. I think I recognize that you see it this way ... I'm glad to say that I do not feel this way. I do see a bunch of humans that have made some interesting decisions in the past ... but sometimes I try not to second-guess everything that I don't have the full details on. Maybe there is a good reason for the information to be kept secret. Just maybe ... > As always, good luck. I don't believe in luck ... it's all skill! I was once told that "Luck is really just opportunity met with preparation!" ... I believe this. Scott C. Lemon