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

To: Don Earl who wrote (20654)	3/4/1998 4:57:00 PM
From: Rich Young	Read Replies (1) \| Respond to of 42771

Again, my thoughts exactly. It's GOT to be a sucker's rally. If not, it's the biggest inside leak ever. I can't remember this many days in a row with this kind of sustained volume. Almost all of the 10,000+ share blocks up until it crossed 10 1/2 this morning appeared to be on the sell side. The upside seemed "bursty" today, with periodic floods of trading-size blocks at the ask providing each of the small run-ups. In the midst of each run-up, though, there would inevitably be a 10 or 25K block running against the grain. Later in the day, the 10-25K blocks seemed to be going WITH the grain, along with some real biggies. I did, however, notice that in the flurry touched off at 11, there were two very large blocks at 10 15/16 and 10 31/32. I believe at the time the bid was 10 15/16 ask 11, but things were moving so fast it's hard to tell exactly. There's always the possibility that it was a buy or buys at the bid, as you mentioned. Either way, the Intel pre-announce will kill any and all short-term rallies for a while, including this one, IMO. Rich

To: Don Earl who wrote (20654)	3/4/1998 6:47:00 PM
From: E_K_S	Read Replies (3) \| Respond to of 42771

Hi Don - Would the insider buying be rumors of a take over or merger again? I noticed that Apple Computer has been quite active the last few days too. I wonder if a Novell/Apple combination might make sense as Novell does have a very deep channel that Apple surly would pay a premium for. Just food for thought...not based on any facts...just speculation on my part. Disclaimer: My thoughts, my time and my account.... EKS P.S. - Joe did you see that former Novell CTO Markman (sp?) now CEO of General Magic sold Gates & Co. an equity interest in their company. Gates likes some new technology they are developing. I do not recall if Novell had an equity share in this company...if they did it was less than 5%.