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

To: Joe Antol who wrote (21579)	4/9/1998 8:50:00 PM
From: EPS	Read Replies (1) \| Respond to of 42771

Hi Joe, Although I'm a NOVL old timer I've been in this thread only for a few weeks. So I am afraid I will bring up something that may be you guys have already discussed extensively. Indeed, I would like to discuss the proposition that NOVL should start a stock buy back program. I think that this makes sense for a number of reasons: a) NOVL does have the cash, and a relatively small scale program, say 100 million dollars, would, at these depressed levels, be very significant. b) It would signal to the investment community that NOVL thinks that the stock is undervalued at these levels. c) It would not hamper future acquisitions which could be done using the stock as proxy for cash. Moreover, I am sure that NOVL needs to buy stock anyway for its options and pensions programs. There is no need to bring up here one more time that the poor performance of the stock is legendary. Like many here I believe that Dr Schmidt has brought a new focus and new hopes of a turnaround. While the philosophical and technological aspects of his strategy seem fine the financial details of its implementation are still murky. I think it is about time for Dr Schmidt to step up to the plate and declare that he believes in the financial future of his (our) company. I think this could give NOVL the momentum it badly needs to get going again.. Look forward to your comments. Best Victor