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


To: Frederick Smart who wrote (18856)12/2/1997 7:21:00 PM
From: LB11  Read Replies (3) | Respond to of 42771
 
Does anyone know what servers Forbes uses that were sabotaged? NT?
Can anyone find out?

LL

TECHNOLOGY REPORT

Nov 26 1997 4:41AM CST, The Dallas Morning News

Former computer worker

at Forbes accused of doing

$100,000 in sabotage

NEW YORK - A temporary-staff computer technician has been charged with breaking into the
computer system of Forbes Inc., the publisher of Forbes magazine, and causing a computer crash that
cost the company more than $100,000.

In April, according to a complaint filed in federal court in New York, George Mario Parente, whom
Forbes had fired, erased data from Forbes' internal network, causing five of the company's eight file
servers to crash.

The sabotage left hundreds of Forbes employees unable to perform server-related functions for a full
day and caused many employees to lose a day's worth of data, the complaint said.

A Forbes spokeswoman confirmed that "an act of technological sabotage" had occurred at the
company shortly after Mr. Parente was fired. Forbes then contacted the FBI, whose investigation led
to Mr. Parente's arrest, the spokeswoman said. She referred further questions to the U.S. Attorney's
office in New York.

Mr. Parente was arraigned Monday afternoon and released pending the posting of a $50,000
personal recognizance bond. He declined to comment on the allegations.

If convicted, Mr. Parente, 30, of Queens, N.Y., faces up to five years in prison and a maximum fine
of $250,000.

-Dow Jones News Service



To: Frederick Smart who wrote (18856)12/3/1997 12:47:00 PM
From: vinod Khurana  Read Replies (1) | Respond to of 42771
 
Hello Fred....Compaq is a Banyan Vines shop. I visited their Houston plant and offices three years ago. They were happy with Banyan as their lead O/S on the server. I don't believe that they switched over to NetWare or at least I did not hear about it.

From the recent ads., CPQ seems to be supporting MSFT more than NOVL.

FORD and MCI switched over recently and is the reason I am using them as examples to industry trend. I am not ging to act nieve and pretend all is rosy at NOVL. I know it is not. Ford and MCI are fortune 500 companies and a large loss in revenue for NOVL.

The savings from laying of 1000 intelligent people should have generated more in the last quarter for NOVL. It did not. I have sympathy for the people who lost their jobs. It should have been the BOD that should have been given the boot along with our Dr.

I agree NOVL is far from history...and so is Apple Computer. But being far from history does not make it a good investment long term. At some point, NOVL will need a stronger arm to hold onto. Apple did that with MSFT although they should have sold out to SUNW at $24 when it was offered. Look at the mess they are in now and NOVL is following the same footsteps.
NOVL is going to take $9/share from a buyer the way they are going.
Better sell out today and get at least $12 1/2.

V.K