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

To: Anaxagoras who wrote (24471)	11/24/1998 11:08:00 AM
From: DJBEINO	Read Replies (1) \| Respond to of 42771

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To: Anaxagoras who wrote (24471)	11/25/1998 8:27:00 AM
From: Anaxagoras	Read Replies (2) \| Respond to of 42771

A few paragraphs from TheStreet.com's coverage last night: <<Software company Novell (NOVL:Nasdaq) reported $298 million in revenue, or 12 cents a diluted share, in the fourth quarter ending Oct. 31, beating First Call's nine-analyst consensus estimate by 3 cents. [Yadda, Yadda on the financials from the release, already posted] Novell Chairman and CEO Eric Schmidt attributed the Provo, Utah, company's healthy performance to demand for NetWare 5 with its embedded directory. It received much hype when it was launched earlier this year as a product that could help turn the company back into a serious competitor to Microsoft (MSFT:Nasdaq), which had announced that Windows 2000 would be delayed. In the fourth quarter, Novell said revenue from directory-enabled servers jumped 16% from a year ago to $150 million. Tim Witt, analyst at Olde Discount, said he was surprised with Novell's strong performance and that the company was showing definite signs of a turnaround. Olde Discount has no underwriting relationship with Novell. Novell shares were up in fairly active after-hours trading, according to Brent Houston at Mr. Stock.com. >> Anaxagoras