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


To: bob cochran who wrote (21342)3/23/1998 6:48:00 AM
From: dwight vickers  Read Replies (1) | Respond to of 42771
 
After reading the Barron's article I find it to be bullish without making much of a case for substantially higher prices.

"A takeover would be for more than $10". One would hope so.

"$.34 for 1999 earnings." That works out to a forward 30 P/E at current prices. Rich for a company with NOVL's recent history.

So if we get a $1 jump today and for sure if they decide to run it up the $2 or $3 this week that you expect, I will probably take the opportunity to exit, stage left.

Dwight