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


To: Paul Fiondella who wrote (25337)2/8/1999 10:27:00 AM
From: DJBEINO  Respond to of 42771
 
Stock picker predicts 1999 winners

February 8, 1999

BY LORENE YUE
Free Press Business Writer

Volatility will continue to rock Wall Street this year, but prognosticator Jonathan Steinberg said several stocks will stand out.

Steinberg, chairman of Individual Investor Group Inc. in New York City, which produces Individual Investor and Ticker magazines, is banking on seven years of being able to sort out the gems among publicly traded companies.

His seven-year portfolio pick average has yielded a 23-percent annual return.

Steinberg recently shared his 1999 selections during a visit to Detroit.

Among the 25 stocks featured in Individual Investor's January issue, were three favorites:

Novell Inc., a Provo, Utah-based network software provider that has beat analysts' forecasts for the last four quarters. Individual Investor is projecting 1999 earnings-per-share growth of more than 70 percent.

freep.com



To: Paul Fiondella who wrote (25337)2/8/1999 12:40:00 PM
From: DJBEINO  Read Replies (1) | Respond to of 42771
 
Headley's got some longer-term favorites as well. One is Novell (NOVL), which he notes will be reporting earnings soon, after two quarters of positive-earnings surprises. "If you're going to buy options here, we would tend to buy more time on Novel, like buying the January 2000 17 1/2 Calls (LNOAW)." He says the monthly chart shows an acceleration potential not seen in Novell since back in early 1991.

cbs.marketwatch.com