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

To: steve wilder who wrote (23156)	7/21/1998 8:54:00 AM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

Novell employees In answer to your question, these guys are responsible for the technology that Novell owns, for the difference between an OS that works and you can depend upon and an OS that crashes for unknown and untraceable reasons. Unfortunately many of these guys watched cut-backs while every other tech company with their size boomed. Some key employees got options at $30 a share for significant work for the company. One guy for example invented an entire marketable product in his garage on his own. The repricing of the options and the stock plan gave them all the same opportunity that some of the market investors had but with a bit more help --- the best price in a six month period. Now many of them are sitting on shares that were purchased at $8. Selling half of their holdings for a $5 a share profit certainly isn't stupid. That is why I suggested that this was the time for Schmidt to buy stock in the open market. The fact that he doesn't do so sends a negative signal to this investor. I wouldn't expect the employees to hold their shares if the CEo isn't out there buying the stock and showing he puts his own money where his rhetoric is.