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


To: E_K_S who wrote (21590)4/8/1998 1:08:00 PM
From: Spartex  Read Replies (1) | Respond to of 42771
 
Eric:

you said: <Schmidt can not do it alone and at best with a solid BOD their turn around is a 50:50 proposal.>

I strongly disagree with your 50:50 odds, with a strong BOD (even if Schmidt just picks up one or two more BOD members from the industry) I believe the odds are better than 70:30 in NOVL's favor. Certainly Schmidt "can not do it alone", I agree there, but he will be filling in the COO position, and CFO positions over time. I expect the COO to be put in place within a month or two. So do you still own the NOVL shares? Just curious, as with your odds, I'm sure you can find more compelling buys in the market.


As to <Notice the 1/32 bid/ask spread. It look's as though the MM are trading the stock to generate net 1/32 gains again.>

Right, the stock is under 10 bucks,and I'm sure they want to keep liquidity moving on it for their gains, and share traders advantage. Makes good sence to me. Who said the MM were all just a bunch of greedy hogs <s>.

Regards,

QuadK



To: E_K_S who wrote (21590)4/8/1998 1:46:00 PM
From: Steve Fancy  Respond to of 42771
 
Eric...that's a funny thought. Wouldn't surprise me. Someone should verify the wording in the annual report. Maybe they get paid for all the meetings they don't attend.

sf



To: E_K_S who wrote (21590)4/8/1998 3:01:00 PM
From: dwight vickers  Respond to of 42771
 
Eric,

Haven't seen any selling by the board. No trades at all in a couple of years. The last were buys, I believe in 1995. (Didn't go back and look, but I follow it very closely)

The officers have been the main sellers. And as I have said, their selling, while persistent, has been relatively light.

Dwight