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

To: Elmo Gregory who wrote (21029)	3/12/1998 7:33:00 PM
From: George Papadopoulos	Respond to of 42771

Defendants:NOVELL, INC., JOSEPH A. MARENGI, JAMES R. TOLONEN, JOHN A. YOUNG, JACK L. MESSMAN, ELAINE R. BOND and ERNST & YOUNG LLP, Marengi-->long gone Tolonen-->bye bye today I would just love to see Young next! Okay back to get ready for the big game tonight. My team Eastern Michigan against Michigan State, I will watch it with my son who just got better after a brief and scary illness (pneumonia). Vinod, welcome back Have a great weekend everyone George

To: Elmo Gregory who wrote (21029)	3/12/1998 8:03:00 PM
From: Elmo Gregory	Respond to of 42771

Regarding the latest action filed: NOVELL'S FALSE FINANCIAL REPORTING DURING THE CLASS PERIOD 77. In order to inflate the price of Novell's stock, Defendants engaged in a scheme to falsely report Novell's financial results for the 4thQ of F96 and F96 ended 10/26/96 and the 1stQ of F97 ended 1/31/97 by improperly recognizing revenue on shipments to Novell OEMs and distributors, including Compaq, Dell, Egghead, Fountain Marketing Group, Elite Group, Ansel Communications ("Ansel"), Glacier, Acer, Mitac, Ingram Micro and Tech Data, and failing to adequately accrue for uncollectible accounts receivables. Defendants' improper accounting practices caused Novell's reported 4thQ F96, F96 and 1stQ F97 revenue, net income and EPS to be materially overstated. Message 3692276

To: Elmo Gregory who wrote (21029)	3/12/1998 8:30:00 PM
From: E_K_S	Read Replies (3) \| Respond to of 42771

To All - It look's as though CEO Schmidt made his mind up prior to Tuesday March 3 for Tolonen's departure as QADI announced a new CFO on this date. (http://biz.yahoo.com/bw/980303/allergan_1.html) Tuesday March 3, 7:09 am Eastern Time Company Press Release Allergan Announces Resignation of A.J. "Bert" Moyer.... "...A.J. ''Bert'' Moyer, has resigned to assume the position of executive vice president and chief financial officer of Carpinteria, Calif.-based, QAD, Inc., a world leader in ERP and supply chain software..." As we know by now that the former CFO for QAD Inc. was Mr. Dennis Raney...who now goes to Novell...as an interim CFO??? It appears that CEO Schmidt was "recruiting" new CFO talent probably as early as February 1998 (WELL BEFORE THE CLASS SUIT!). I have a hard time with this quote from CEO Schmidt,"... 'I've asked Dennis to step in as interim CFO while we continue to actively recruit a chief operating officer," said Schmidt. Is it possible that CEO Schmidt suspected the accuracy of the 4Q numbers and set out to recruit a new CFO...or was this part of his master restructuring plan? Does anybody know if CEO Schmidt has worked with Raney in the past? I am still doing a background search on Raney, but it does appear that he has experience in "...ERP and supply chain software...". Any idea as to what "ERP" stands for? EKS P.S. I wonder if Novell will replace Ernst & Young as their auditor?