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

To: Joe Antol who wrote (18705)	11/26/1997 1:27:00 AM
From: Don Earl	Read Replies (2) \| Respond to of 42771

Hi Joe, < I don't believe these numbers. > From: www1.newsalert.com Novell executives said they were "fully geared" to bringing down inventory levels to 45 days or less. Novell said earlier in announcing fiscal 1997 results that it had reduced days sales outstanding to 79 days at the end of October ..... ______________________________________________________________________ Schmidt stated that inventory levels at the end of Q3 were "under 45 days". Now the company says they are at 79 days. It looks like they stuffed the channel and still only came up with $269 million. Let's see: 90 days + 79 days - 45 days = 269,000,000 total sales - 99,000,000 direct licensing = sell through (90 days) + stuffing (34 days)....... sell through = 123,000,000 Actual sell through revenue 123,000,000 + 99,000,000 = 222,000,000 or -.11 EPS Salah was almost dead on the money. Regards, Don