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

To: Lawrence Petkus who wrote (19148)	12/17/1997 2:16:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 42771

This is what most folks seem to miss. Nothing much has changed. Sounds like Novell is prepared to continue their track record of superior products, reader service awards, and top awards in lab tests. This has been the case as long as I've been involved with Novell (about 10 years selling and installing and 4 years investing). Everyone seems to put this undying faith into Eric Schmidt, yet I think most of us know John Young and the BOD run the show. Really sounds like nothing has changed...give up a lot of customers to NT by not providing a Year 2000 patch for 3.11 and below (seems they'd at least try and maintain the customer base rather than give it away), reduce their presence at one of the world's largest computer trade shows, and eliminate product info from the advertising (their strongest quality...what it's all about). Couple that with a senior marketing exec who can't spell the name of the company thats potentially their strongest affiliate, and the thought that that 1 billion may finally be tapped (second strongest quality) and to me it spells same old Novell...they have no idea. Everything's great today and will be really great a year or two from now, especially from their new offices in two states. Just think, a lot of these execs must have two offices. Some maybe even 3 or 4 due to multiple state campuses. Seems I read recently that IBM is initiating another round of layoffs, a continuing plan to streamline operations...What is Novell doing to reduce expenses? Why building 2 new campuses of course. IMO, it will be quite a while before this stock see's much smart money. There is a lot of skeptisim amongst the analysts and investors, and for very good reason. The company has burned them all, time and time again over the last few years. Don't forget that Dr Schmidt himself burned us all big time on two pre-earnings announcements this year. The money or fund manager really has no recent historical defense if this investment blows up on them...very difficult to justify the purchase IMO. Remember also that Dr Schmidt has promised Novell to be an internet/intranet leader one year from his hire...April 9 1998 I believe. I'm watching. sf