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


To: Canuck Dave who wrote (24013)10/22/1998 3:12:00 PM
From: ToySoldier  Read Replies (1) | Respond to of 42771
 
prediction from back in the spring is that NOVL will be in the upper teens by the end of November. I was nervous about this prediction since august (because of the Asian thing) but I am still holding onto this prediction. Two main factors are happening in November.

1) I think that the next Q earnings are going beat street estimates very nicely due to NetWare 5 sales and increase ZenWorks, BorderManager, and NDS sales.

2) NDS for NT v.2 will be released and this will get the excitement going on the stock price as well!

The lucent announcement kicked this stock in the pants I think. Maybe the institutional investment analysts have competed looking at the impact of the Lucent announcement and are waking up to the fact that NOVL is well on track for a comeback. They want in now while its still cheap.

Toy