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

To: Rich Young who wrote (21001)	3/12/1998 4:40:00 PM
From: Spartex	Read Replies (1) \| Respond to of 42771

Rich, Is this great news for the market/street? If so, then I can understand what they were doing today with the manipulation. <s>. Goodbye James Tolonen, NOVELL is back!! Quad-K

To: Rich Young who wrote (21001)	3/12/1998 4:40:00 PM
From: DJBEINO	Read Replies (2) \| Respond to of 42771

Novell Senior Vice President and Chief Financial Officer, James R. Tolonen Resigns; Dennis R. Raney to Serve as Interim CFO PR Newswire - March 12, 1998 16:27 PROVO, Utah, March 12 /PRNewswire/ -- Novell, Inc., (Nasdaq: NOVL) today announced that James R. Tolonen has resigned as senior vice president and chief financial officer. The company also announced that Dennis R. Raney has joined the company as interim chief financial officer, with responsibility for all financial activities, corporate facilities worldwide and information systems. The appointment is effective immediately. To help ensure a smooth transition, Tolonen will remain with Novell through the end of the company's second fiscal quarter on April 30, 1998. "During his nearly 15 years of service, Jim has made significant contributions to Novell," said Dr. Eric Schmidt, chairman and chief executive officer of Novell. "He has been instrumental in building Novell's business. We wish him the very best." Tolonen plans to take time off before deciding on his next career move. "I've asked Dennis to step in as interim CFO while we continue to actively recruit a chief operating officer," said Schmidt. Raney has held CFO positions at General Magic, California Microwave and most recently QAD Inc. Prior to this, Raney, who is 55, spent 24 years at Hewlett-Packard in finance, international and real estate assignments. He also held the CFO position at Bristol Myers Squibb-pharmaceutical. "I'm confident that Dennis will ensure consistency in our financial management and help advance the company's overall efforts in the Internet industry." About Novell, Inc. Founded in 1983, Novell is the world's leading provider of network software. The company offers a wide range of network solutions for distributed network, Internet/intranet and small- business markets, as well as the network computing industry's most comprehensive education and technical support programs. Information about Novell and its complete range of products and services can be accessed on the World Wide Web at novell.com. SOURCE Novell Inc. /CONTACT: Peter Troop of Novell, 408-577-8975, or peter_troop@novell.com/ /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 100266/ /Web site: novell.com

To: Rich Young who wrote (21001)	3/12/1998 4:42:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 42771

I told ya, they saw that I bought puts. Now this is some news! I'm gonna look at the 99 leaps. Gonna go down with the puts I bought though, if necessary. sf

To: Rich Young who wrote (21001)	3/12/1998 7:28:00 PM
From: Joe Antol	Read Replies (1) \| Respond to of 42771

Yes, ...and "on the 7th day he rested", after saying for each of the previous 6 days, "... and this was good".... * After market close, NOVELL INC said that it named Dennis Raney as interim chief financial officer following the resignation of James Tolonen as senior vice president and chief financial officer. Raney's appointment is effective immediately. To help ensure a smooth transition, Tolonen will remain with Novell through the end of the company's second fiscal quarter on April 30, 1998, the company said in a statement. Tolonen plans to take time off before deciding on his next career move, Novell said. Raney has held chief financial officer positions at General Magic, California Microwave and most recently QAD Inc, the company said. (Reuters 04:49 PM ET 03/12/98) Thanks RCY.