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

To: dwight vickers who wrote (22000)	5/13/1998 3:04:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 42771

A friend of mine recently interviewed for a VP level position at NOVL and came back a total believer in the turnaround. He's no dummy (he also got a VP offer from Lucent and ended up taking an EVP position elsewhere). I doubled my position when the stock dropped to 9 3/4 and am quite glad I did. Anecdotal? Sure, and you don't have to believe me but at least I don't use an alias like most people on SI. I'm a big believer in track record. In this case it's Schmidt I'm betting on, not NOVL per se. I think NOVL's basic problem was always its management more than its product set or market niche. Phil

To: dwight vickers who wrote (22000)	5/13/1998 4:26:00 PM
From: Ben Antanaitis	Read Replies (2) \| Respond to of 42771

From this evenings theStreet.com: The options of Novell (NOVL:Nasdaq) were jumping for the second day in a row, and at least one option pro said he smelled a rat. More than 13,000 option contracts moved yesterday in the usually quiet stock, with almost half of them in the soon-to-expire May 10 calls alone. This morning, Merrill Lynch upgraded the stock to a near-term accumulate from neutral, sending the stock up 1/2 to 11. Activity today also was heavy in the May 10 calls, with 3,000 contracts moving at 1, or $100 per contract. "This is obvious front running," claimed one options pro, requesting anonymity. "Someone tipped off these buyers to the stock upgrade." He indicated option traders are likely selling today what they bought yesterday. Is anyone here surprised???????? Ben A.