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

To: DJBEINO who wrote (18698)	11/25/1997 7:49:00 PM
From: Joe Antol	Respond to of 42771

Novell sees daylight in Q4 By Margaret Kane, ZDNN 11.25.97 6:00 pm ET Novell Inc. beat analysts' estimates by a whisker this afternoon, pulling in $7 million, or 2 cents per share, for the fourth quarter. Sales for the quarter ended Oct. 31 were $269.3 million, down almost 30 percent from a year ago but a marked improvement over the third quarter, when Novell posted a mere $90 million in sales and a $122 million net loss, including a restructuring charge of $55 million. Wall Street analysts surveyed by First Call had expected earnings of 1 cent per share. In May, the Orem, Utah, networking veteran unveiled plans to cut about 1,000 jobs, or 18 percent of its work force, leaving it with about 4,800 employees. zdnet.com