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

To: Rich Young who wrote (22070)	5/17/1998 11:56:00 PM
From: Paul Fiondella	Respond to of 42771

(Off Topic) Or maybe on topic Asian markets have had a tendency lately to sell off at the close. (Went to bed one night last week and woke up surprised.) I see them weakening in that manner tonight. But unless we see a major downward move below 15,000 (of the order of 500 points) in the Nikkei, and a follow through in Europe then Asia will not trigger the slide. None of that is happening tonight. The MSFT news is bad enough to do the job on its own. You see unit growth, Kurlick's analysis, of PC sales is headed down. That hit Intel for four points Friday. MSFT's release of Win98 was expected to boost sales again. Now we have uncertainty. And HP's bad numbers. And Nat Semi's bad numbers. Analysts are lowering their growth rates even on software. (although I expected Win98 to surprise on the upside---it fixes bugs, corporations may find it safer) So MSFT could do it to this overvalued market. All I can do like you is get up early tomorrow and see what is going on at 8:30AM. Incidentally, (General)Lebed beat Yeltsin's candidate (and also the Communist candidate and also the mayor of Moscow's candidate--- all the same candidate!) to win the governorship in an province in Siberia by 17%. That means he beat the entire Moscow establishment at their own game. Talk about shaking things up! I guess that's more money coming here to buy US stocks and Treasuries.