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

To: DJBEINO who wrote (24495)	11/24/1998 5:12:00 PM
From: DavidG	Respond to of 42771

DJ, I think it is time for NOVL to start behaving with a little irrational exuberance like some of those Internet stocks. Watcha think?<g> It should certainly continue its move up into the low 20's during the next quarter.:-) It think we've got some momentum behind this stock now. DavidG

To: DJBEINO who wrote (24495)	11/25/1998 1:31:00 PM
From: dwight vickers	Read Replies (1) \| Respond to of 42771

"On the balance sheet, cash and short-term investments were $1.007 billion at the end of fiscal 1998, compared with $1.033 billion at the end of fiscal 1997. The major source of cash for the year was from operations which contributed $294 million. The primary use of cash for the year was for share repurchase. On June 5, 1998, Novell's board of directors authorized the company to repurchase up to 10 percent, or approximately 35 million shares, of Novell common stock over twelve months. To date, the company spent $245 million to purchase and retire 21 million shares of common stock." - - - - - - - - - - - - - - - - - - If this is the case, why do they report (WSJ) 354,105,000 shares 10-31-98 vs. 353,337,000 shares 10-31-97??? Ummmmm, that's an increase. Is this one of the deals where they are buying back shares to (not even) keep up with the number of shares being given away in option grants???? Hopefully not. Dwight