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

To: DJBEINO who wrote (25084)	1/21/1999 10:53:00 PM
From: JAG2	Respond to of 42771

To: DJBEINO who wrote (25084)	1/21/1999 10:58:00 PM
From: JAG2	Read Replies (3) \| Respond to of 42771

My take on IBM / NOVL MERGER: IBM recently filed a Shelf for $4.0 Billion, (shelf's are for debt, misc. or "acquisitions"). IBM has so much cash, do they need it for debt or misc. If NOVL has 352 million shares outstanding, the $4.0 Billion works out to $11.25 per share. IBM just reported greater than expected earnings,. but did not announce a stock split. With the stock at 197, CNBC predicted today a stock split could happen soon. Could IBM soon announce a stock split and the purchase of NOVL, offering $11.25 in CASH and the balance in IBM STOCK. Buy-outs are often announced with stock splits. I predict IBM will buy-out NOVL at $32 - $35 per share. JAG