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

To: Don Earl who wrote (18723)	11/26/1997 4:17:00 AM
From: BJP1946	Read Replies (2) \| Respond to of 42771

Are you sure that you are looking at this the right way? Inventory usually will not include product that's in the channel but only in house. The company stated, although I don't have it in front of me, that the box level in the channel had remained low, that is, THEY DID NOT STUFF THE CHANNEL. They also said that their receivable days were the lowest in 2 years -- ordinarily your receivables go up when you stuff the channel at the end of the quarter so a lot of them don't get paid. I thought the two comments about box levels and days of receivables were specifically geared to let the analysts know that the numbers were firm.

To: Don Earl who wrote (18723)	11/26/1997 8:19:00 AM
From: vinod Khurana	Respond to of 42771

NOVL upon releasing its 4th quarter results mentioned a few large companies that have migrated to IntraNetWare 4.11. It is a shame for a company to have to advertise every Tom, Dick and Harry that has done the migration. I doubt any other Fortune 1000 company does anything close. Do we see MSFT advertising each time one of its large clients migrates to NT ? Do we see Oracle, IBM etc...doing the same ? So what is it with NOVL ? We know they are trying to convince the world that NetWare is still alive and well. I suppose NOVL is doing its best...but I for one see a dismall future for the company. NOVL would surely had made a lost had its income from investments come in about the same as last quarter. $19 million vs $10 million. What did they do differently? Invest it in the market on the day it tanked and sold the next ? Income from operations was dissapointing. NOVL continues to bleed under the blanket. I still propose to the Dr. to sell out whilst the time is good. I doubt it is going to get much better. And yes, where are the savings from those layoffs ? 1000 people of the payroll and we should be looking at savings of at least $40 million U.S per year. That translates to $10 million every quarter. The company is in deeper sh*t than it is revealing. V.K