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

To: Paul Fiondella who wrote (21067)	3/13/1998 12:51:00 PM
From: Rich Young	Read Replies (1) \| Respond to of 42771

Hi Paul. The new guy doesn't come directly from HP, he had a number of very short-term, small-time CFO positions before coming to NOVL as a temp. I checked with QAD and Raney's been out of work since the end of November. Sounds like someone on his way to an early retirement doing a favor for an old friend. I don't think Schmidt was surprised by this, either and I agree that Young probably brought him in. He & Young probably spent the holidays together. As far as why did Dell hire Marengi, I'm sure he's the kind of guy that interviews well and, well, you can only tell so much from interviews. Rich

To: Paul Fiondella who wrote (21067)	3/13/1998 10:29:00 PM
From: Paul Fiondella	Respond to of 42771

(Off Topic) Japan --- Beyond Belief (as reported in Asahi Shimbun) <Public funds to be used to buoy stocks Critics say the government's decision to bolster the stock market using public cash goes against free market principles. The government will use up to 1.3 trillion yen of public funds this month to buy stocks to stem the market downswing, sources close to the government said Thursday. The ruling Liberal Democratic Party made the decision following Wednesday's arrest of senior Bank of Japan official Yasuyuki Yoshizawa on suspicion of taking bribes in the form of entertainment worth 4.3 million yen from the Industrial Bank of Japan and Sanwa Bank. The arrest sparked a sharp plunge in stocks and the value of the yen. The LDP decision comes as financial institutions and other companies prepare to close their books for fiscal 1997. A stock market upturn would allow these companies and institutions to note trading gains in their annual reports. However, critics say the government's efforts will distort the stock market and go against free market principles. "The government is contradicting itself by saying it will proceed with Big Bang deregulation and then taking the short-sighted policy of purchasing stocks using public funds," said Hitotsubashi University professor of economics Kunio Ito. "The government should stop making policies that go against free market principles." "Stock manipulations that do not reflect the real fundamentals of the economy only increase investors' distrust and lead to a prolonged slump in the market," a trader added. The government will use postal savings and pension money to buoy stock prices, the sources said. LDP legislators said they want to see the benchmark Nikkei Stock Average of 225 selected issues rise to 18,000 by the end of March. The Nikkei closed Thursday at 16,575.22. The government's move to raise stock prices will form a central part of an economic stimulus package that will be announced next week. It is seen as a last-minute bid to prevent a collapse of financial institutions and other companies due to lack of capital, which would threaten the future of Prime Minister Ryutaro Hashimoto's administration. Some market participants welcomed the move, saying the government policy will have a positive impact. "I think a fund of 1 trillion yen before the fiscal year ends March 31 will have a huge impact on the stock market," said Yasuo Ueki, customer product general manager at Nikko Securities Co. "But even with the measure, the Nikkei will only rise above the 17,000 level."> ================ The Nikkei closed above 17,000 Friday (Thursday night our time)