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

To: Ghassan I. Ghandour who wrote (22226)	5/22/1998 10:39:00 AM
From: m thompson	Respond to of 42771

Novell article: May 21, 1998 Novell Sees 2Q Sequential Growth, Says NetWare 5 On Track By MARK BOSLET Dow Jones Newswires PALO ALTO, Calif., -- Novell Inc. (NOVL) said the success of applications products, such as ManageWise and GroupWise, and of infrastructure support software enabled it to show modest sequential growth in its second quarter. However, analysts and investors appear to be looking well beyond the second and the third quarters to the release of the NetWare 5 server operating system, which the company said is on track for late summer. Novell Chief Executive Eric Schmidt said the sequential revenue growth shows that Novell's turnaround is gaining steam. For the quarter, the Provo, Utah, software maker still posted revenue that fell 4% to $262 million from $273 million a year ago. Revenue was $252 million in the first quarter. Second quarter earnings came to 5 cents a diluted share compared with a loss of 4 cents a share last year. Novell said its core NetWare sales were up slightly from the first quarter. Applications products and infrastructure support software, such as BorderManager and NDS for NT, increased 7%. Still, the "big stuff hasn't been shipped yet," Schmidt said, adding that NetWare 5 is on scheduled for the summer. So far the company has distributed a beta test version of the product to 220,000 users and is pleased with the feedback, Schmidt told Dow Jones. The "underlying architecture and (software) engine are solid," while Novell continues to work out bugs slowing up installation and the management console, he said. "Obviously, all eyes will be focused on the progress with NetWare 5," said Joel Achramowicz, an analyst at Preferred Capital Markets, who said he expects the product in August. However, in the meantime "I am concerned about the transition at this point," he said. New applications products, such as Z.E.N.works, will have to help get the company through the third quarter, Achramowicz said. -By Mark Boslet; 650 496-1366 Briefing Book for: NOVL Format for printing Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.