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


To: BP Ritchie who wrote (18969)12/8/1997 12:27:00 PM
From: Elmo Gregory  Read Replies (2) | Respond to of 42771
 
Thanks BP: If holding down expectations is Novell's goal, then little effort should be required.

First Call has estimates at $0.02 for 98Q1 as of 12/01/97. This may be too high a threshold for Novell to meet in light of their previous announcement that revenues would be flat to lower than 97Q4. So, without some accounting magic, I think Novell will be hard pressed to meet current EPS.

Is there any reason to believe that sales for the first quarter will be better than last quarter's sales?

Elmo