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


To: E_K_S who wrote (20746)3/6/1998 12:50:00 PM
From: Michael L. Busser  Read Replies (1) | Respond to of 42771
 
You continue to emphasize the the lack of credibility for their CFO. While I can not comment as to whether he lack integrity or not, I do know that they are audited on an annual basis. Therefore, their numbers should represent what actually happened over the course of a year. While it is true they may be able to play with the numbers on a quarterly basis, I do believe in the accuracy of their numbers on an annual basis. Therefore, I suggest you keep you emotions out of the numbers. They have in fact owned up to the mistake of channel stuffing twice in the last two years. This is obviously one of the reasons for lack of credibility on the street and the low price to book and price to sales value. This can only be changed over time.