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

To: Paul Fiondella who wrote (23638)	8/27/1998 10:13:00 PM
From: ToySoldier	Read Replies (1) \| Respond to of 42771

It was only a matter of time Paul. With Asia in turmoil, Russia's currency and economy falling apart, and all currencies dropping fast below the US dollar - no economy will be immune for too long. And the US Economy will eventually begin sliding since their currency has sky-rocketed past all other currencies, U.S. businesses and citizens will dramatically increase the amount of times they take advantage of the power of their dollar to foriegn suppliers. I know that Canadian Exports to the US has already flown and Tourism has risen substantially. I'm sure that many other countries are realizing the same increases. This slide in the US economy will further pull us into a global bear market. This is all too bad for a company like NOVL who was looking toward a high possibility of a breakout in their stock and a good showing of recovery in the price. Toy

To: Paul Fiondella who wrote (23638)	8/28/1998 12:15:00 AM
From: E_K_S	Read Replies (1) \| Respond to of 42771

(Off Topic) - Did you notice that Canada raised their interest rates today??? The Canadian dollar hit a new low to the U.S. dollar...I think we are going to see more asset deflation world wide before this is over....Watch China as they will be the next to devalue their currency. The IMF cannot keep writing blank checks to support these markets. ==================================================================== I sure hope Novell has pricing power as their software is expensive if compared in all these other foreign currencies. Just ask the Canadians.. EKS

To: Paul Fiondella who wrote (23638)	8/28/1998 8:32:00 AM
From: Wallace Rivers	Respond to of 42771

I've posted on Mr. G and the govs on many threads, basically saying they are totally paranoid about the wage inflation bogey in our country, and, while I probably am overstating this, it seems they are almost afraid of prosperity on these shores, hence their non-move (to this point)on lowering fed funds. We have an inverted yield curve (I thought that was a potential harbinger of recession...), we've gotten a devaluation of a major asset class which Mr. G desires (no more "irrational exuberance"), the CRB and especially oil are tanking! Well, I hope this meeting in Jackson Hole consists of more than low stakes golf skins games and central banker small talk. We need reduction in fed funds NOW. The long end of the market is unmistakingly saying that.