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


To: dwight vickers who wrote (19241)12/24/1997 8:33:00 PM
From: Mark A. Forte  Respond to of 42771
 
This will all be a dim memory by Jan 17th or whatever the 4th

Thur of Jan is. Remember last year. Same kind of stuff with CRYX around 20s then to 30 with the Compaq announcement.



To: dwight vickers who wrote (19241)12/25/1997 12:26:00 AM
From: Paul Fiondella  Read Replies (2) | Respond to of 42771
 
Well I'm on Japan watch for sure

Industrial production dropped 4.1% in November. Inventories increased.
Also the de facto competitive devaluation of the Korean Won is started to spread havoc in other weaker Asian countries. Indonesia's currency is under attack.

The only good news is that the Japanese appear to be sending out signals they will rollover the Korean short term debt (25 billion). Several US banks announced they were doing the same and alluded to IMF and US Treasury pressure.

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Novell closed the day at 7 1/4. I guess 6 1/2 isn't too far away.