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

To: Ben Antanaitis who wrote (22812)	6/20/1998 10:28:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 42771

Ben, When I was at Dean Witter we exercised at less than 1/2 point in the money. If memory serves it was as little as an 1/8, maybe 1/4. I know it was much less than 1/2. Dwight

To: Ben Antanaitis who wrote (22812)	6/21/1998 10:14:00 AM
From: Paul Fiondella	Read Replies (1) \| Respond to of 42771

NOVL options "all the calls were exercised, and yes those share have to come from somewhere" Were they bought Friday? (I saw no flurry of orders at the close.) Are they bought Monday and delivered Monday? With open interest at the close around 1.4 million shares we are not talking about an insignificant number of shares having to be delivered. What % of the open interest at the end of the day is customers who have exercised their options? Your comments please.