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


To: Paul Fiondella who wrote (19595)1/15/1998 12:19:00 AM
From: E_K_S  Read Replies (1) | Respond to of 42771
 
Hi Paul - I too am positive about this Novonyx move by Novell. I would still like to see CEO Schmidt make a few more management changes especially asking CFO Tolonen to take early retirement.

Did you notice that Netscape has finalized a layoff of some 25% of their employees and much of their work will now be "outsourced". Netscape did warn the street of an earnings short fall too.

Maybe that was the reason for the activity in the May calls I remember reading upthread.

When do you think we can expect another round of layoffs at Novell? The company really needs to do this as I do not think the 'new' revenue base will be inline with expenses. However, it appears that the company is making some progress but still has much work left to complete.

EKS