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

To: Joe Antol who wrote (19608)	1/15/1998 11:35:00 AM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

I know about that nervous feeling I took a 1K profit on AMD, that leaves me long only on ORCL. My Treasuries are up about 4%. I'm sitting on short profits. All I can say on Novonyx is your intuition is usually pretty good. We know nothing happens at Novell usually except as a reaction to something. However in this case I think the logic of the situation may be on the shareholders side. ================== Watch the Nikkei. If it moves below 14000 then the Japanese banks have no more capital. A wave of defaults would then spread to markets here. If that doesn't happen then its the slowing of the economy. For example Intel has 25% of its revenue coming from Asia. That Asian revenue declined buy 10% in Q4. Technology stocks are very exposed and will be in this quarter. Then comes the effect on the rust belt via the Jap & Korea auto exports. This just means no or slow growth for a few quarters. However then you look at market caps and you have real the reason to worry.