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


To: David S. Lowry, CPA who wrote (22194)5/21/1998 7:58:00 PM
From: daniel yeung  Respond to of 42771
 
By Brenon Daly, CBS MarketWatch
Thu May 21 19:38:24 1998

Shares in Novell (NOVL) may get a boost on Friday after the networking software company reported earnings of 5 cents per share, 1 cent ahead of Wall Street expectations. Although revenue declined 4 percent on a year-on-year basis to $262.3 million, the figure marked the first sequential increase in two years. But the network software maker still faces formidable competition for Microsoft and other companies. Ahead of the release, shares dipped 1/16 to 11 3/8, just under a 52-week high.