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

To: ToySoldier who wrote (25210)	1/28/1999 5:17:00 PM
From: EPS	Read Replies (3) \| Respond to of 42771

Toy, Did you hear comments on how the Lucent and Nortel strategic alliances are progressing? Are you familiar with Lu's inferno project? Regards Victor

To: ToySoldier who wrote (25210)	1/28/1999 6:04:00 PM
From: Loring	Read Replies (2) \| Respond to of 42771

Good info, Toy. So let's talk now about how all this will affect the price of the stock over the course of 1999. Right now, earnings are paltry by most measures. 29 cents last year and even if doubled next year to 58 cents, earnings would still be soft in comparison to the industry, IMO. What is going to make this stock take off in 1999 is realization by analysts and institutions that there is a really good upside here at this price of $20 and change. PEs no longer make sense, so while earnings may be paltry, a P/E of 70-ish shouldn't scare any real pros off the stock. Of course, if they hear that something big like Digital Me is actually going to happen, that would do it. As discussed here before, trying to fathom how successful NOVL will be in product development is the real ringer. I'm not a day trader, but not a long-termer either. I'm willing to hang in for another six months or so, before taking profits. I've got 3,000 shares averaged at $12.68 since August '98. I don't want to hang around for any protracted leveling out, so if we get to 24, I might bail unless something rocket-like is hanging out there. This is what makes investing exciting in today's market. What's your take on the price appreciation this year? PS: Paul, what's your take on price?