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

To: EPS who wrote (24786)	12/28/1998 10:26:00 AM
From: DJBEINO	Respond to of 42771

Novell workers settle into huge new campus Tanya Rutledge Novell Inc. has completed its move into one of the largest Silicon Valley campuses to be built in 1998. Employees of Provo, Utah-based Novell are settling into the 536,000-square-foot campus at the intersection of North First Street and Highway 87 in North San Jose. The network software company's 550 Silicon Valley workers completed their three-week relocation in late December. The new building is part of a planned 1.5 million-square-foot Silicon Valley base for Novell, which had been operating from about 10 scattered facilities along Fortune Drive. Novell facilities manager Randy Knox said the company has not decided when the rest of the campus will begin construction. Novell already has hired San Jose-based Colliers International to help it sublease about 220,000 square feet of the new space. "We're glad to finally be under one roof, but we have some excess space at this point," Mr. Knox said. "We are working on several prospects, but no sublease deals have been signed as of yet." Construction on the new facility had been put off several times as Novell has suffered at the hands of competitor Microsoft Corp. But Novell decided in September 1997 to move forward with the first phase of its planned campus and to sublease if necessary. Orchard to be uprooted A plan to convert one of the valley's last remaining cherry orchards into a retail and housing development is one step closer to fruition. Newport Beach-based Irvine Apartment Communities and the Olson family executed a 90-year ground lease for 16 acres at El Camino Real and Mathilda Avenue in mid-November to allow Irvine to develop the site. For 100 years the land has been home to the C.J. Olson Cherries orchard, which has been struggling in recent years. After enduring several years of poor crops, the family decided a couple of years ago to close the orchard for good. The Olsons negotiated with Target Stores for two years for a ground lease on the site. Irvine stepped in soon after Target walked away. Will Thompson, senior vice president of Irvine, said the company hopes to finish the entitlement phase of the project in April or May, and to begin construction next summer. Because the entitlements have not yet been granted, Mr. Thompson would not disclose Irvine's exact plans except to say it would be a mixture of housing and retail. Dick Hartman, who along with fellow Grubb & Ellis broker Marty Chiechi represented the Olsons and Irvine in the deal, noted that the family will continue to operate a cherry stand on the site. That stand will be incorporated into the rest of Irvine's retail plans. Hathaway renovates facility Santa Clara-based E.A. Hathaway & Co. has started a renovation project that will transform the Primecore Funding building into a southern gateway of sorts to Menlo Park. The project calls for a complete interior and exterior redesign of the building at 99 El Camino Real, former home of Security Pacific Bank and Mercury Savings. Primecore, which manages $200 million in private capital for residential and construction lending, acquired the 4,800-square-foot building two years ago. A 2,000-square-foot second floor will be added and the whole structure will get a contemporary, streamlined look, according to Hathaway project manager Bob Garcia. Robin Nichols-Lerg of Menlo Park-based Peterson Architects, which is providing architectural design for the renovation, pointed out that some historical aspects of the building will be retained. "In the 1970s the building was a bank, and the old concrete vault was covered in sheetrock in later years," she said. "The new design exposes, sandblasts and highlights the vault so it can been seen from the lobby. Visitors will be able to look at the vault through framed glass doors of the conference room." Chamber offices to be razed The longtime home of the San Jose Silicon Valley Chamber of Commerce will face the wrecking ball this month. The San Jose Redevelopment Agency approved plans Dec. 17 to demolish the 12,000-square-foot structure at 180 S. Market St., which it owns, to make way for a proposed 260-room annex to the Fairmont Hotel. The building had been home to the chamber from 1976 until last fall, when it relocated to the former Valley Title building at 320 S. First St. in anticipation of the RDA's move. The fate of the hotel annex went into limbo last spring after the Preservation Action Council of San Jose filed a complaint to block demolition of the historic Montgomery Hotel. But RDA spokeswoman Carol Beddo said the agency is moving forward with its plans to clear the adjoining land in hopes that the annex will proceed. amcity.com

To: EPS who wrote (24786)	12/28/1998 4:20:00 PM
From: Paul Fiondella	Read Replies (2) \| Respond to of 42771

Right and Wrong Okay Mr. Right, let's see what your track record is. When did you buy and when did you sell and what did you make? 10K? 20K? Come on put your record out there. Let's see how big the boy is. Mr. Wrong will be happy to call your bluff. ============= I'm especially waiting to see what you made on those Jan 20's that still sell for about 1/4.