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


To: BP Ritchie who wrote (18850)12/2/1997 7:15:00 PM
From: Joe Antol  Read Replies (3) | Respond to of 42771
 
BP: >> ... Has something changed that I missed? <<

I agree it's drastic. And, I know you're as perplexed as I am as to their "methodology" of forward movement. I know what you did, offered, said, pleaded, etc., "behind the scenes". It amazes me that so much time can go by without any "impact" shown anywhere in the enterprise.

Sooooo, if they insist on "going it on their own", I figured I could suggest a course of action that might, just might work in the current I/T landscape as I perceive it (now).

We told em' they didn't have any time when Frankenberg was in. We told em' again with Marengi, we repeated it again with Schmidt. AND ... that CNBC interview you posted ... well THOSE GUYS told him too!

Can you imagine Gates being treated the way those guys from CNBC treated Schmidt? I mean, right off the bat, they said (to paraphrase), "well we got other things to get to rather quickly, so we better get this out of the way quick, OK?, Now, here's Eric Schmidt, CEO NOVELL ... etc...). Can you imagine how they would treat Gates? Heh!

Oh, and while I'm on my soapbox, who was it here that asked me last week "why" I slammed Ernst and Young? First of all I voted them OUT on my proxy back in April (was asked the same thing). I responded with a case brought up at that time including Informix. Now, I said last week "I don't believe those numbers" (Q4), and someone asks me why? And why am I slamming a big 6 accounting firm (the one that does Novell's numbers)?

<<<<<<<<<

Money in the Morning (excerpted)

Tuesday, December 2, 1997, 9:45 a.m.


Consultant conundrum

Bad news for financial consultants. In a lawsuit
that observers are calling the first of its kind
against a Big Six accounting firm, the bankruptcy
trustee of Merry-Go-Round Enterprises, a
now-defunct specialty retailer, is suing Ernst &
Young LLP and its Ernst & Young International Inc.
unit for $4 billion in punitive and compensatory
damages, reports the Journal. The trustee claims
that the firm bungled the financial restructuring
of Merry-Go-Round, which was worth about $1
billion and had about 1,400 mall-based stores when
it filed for bankruptcy in January, 1994. The
company was liquidated in February,
1996.

>>>>>>>>>>>>

Heh, heh. Yeah, righhht. I trust em'