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

To: Joe Antol who wrote (18575)	11/19/1997 10:22:00 PM
From: DJBEINO	Read Replies (2) \| Respond to of 42771

Schmidt: Novell to be No.1 in networking zdnet.com Novell exec articulates new product strategy www8.zdnet.com

To: Joe Antol who wrote (18575)	11/19/1997 11:35:00 PM
From: Rich Young	Respond to of 42771

FOCUS-Markets gloomy over S.Korean finance package By Bill Tarrant SEOUL, Nov 20 (Reuters) - Markets reacted gloomily on Thursday to South Korea's ''big bang'' finance stabilisation package, with the won recording its biggest ever one-day slide and stock prices down more than three percent. One key measure announced on Wednesday by new Finance Minister Lim Chang-yuel allows the won to fluctuate 10 percent up or down from an opening rate compared with a previous 2.25 percent trading band. The won promptly fell to its permissible 10 percent low an hour after the market opened. It ended the morning session at that daily limit low of 1139.0 to the dollar from Wednesday's closing rate of 1035.5. ''The weakening of the won is unstoppable for the time being,'' said Seijiro Takeshita, director at Deutsche Morgan Grenfell in London. Shares fell 3.50 percent in morning trade as foreigners stampeded out of the stock market, seeing the free-falling won eroding any shred of capital gains left on their portfolios. The won has lost a whopping 13.4 percent against the dollar this week alone after the central bank on Monday gave up its stout defence of the currency and has depreciated more than 25 percent since the start of the year. The currency contagion that sprouted in Southeast Asia has now spread to the world's 11th largest economy and analysts and economists both inside and outside South Korea have said an IMF bailout appears inevitable. A programme for South Korea -- whose gross domestic product is bigger than that of Indonesia, Thailand and Malaysia combined -- would likely be far in excess of the $30 billion to $40 billion arranged for Jakarta, analysts said. Stuart Brown, head of emerging markets at Banque Paribas in London, said Seoul seemed to be playing for time rather than accepting an inevitable IMF bailout with tough conditions. ''My concern is they will delay too long in bringing in the IMF.'' biz.yahoo.com