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

To: Bearded One who wrote (27018)	5/25/1999 11:52:00 PM
From: Rusty Johnson	Respond to of 42771

Novell Revenue Surges 20% As Earnings Beat Expectations An INTERACTIVE JOURNAL News Roundup Networking-software maker Novell Inc. reported earnings that topped analysts' expectations for the fiscal second quarter, amid strong sales of its NetWare 5 product. The Provo, Utah-based company posted net income of $38.7 million, or 11 cents a diluted share for the period ended April 30, compared with earnings of $19.3 million, or five cents a share, a year earlier. Analysts were expecting earnings of 10 cents a share. Revenue, meanwhile, rose 20% to $315.7 million from $262.3 million a year ago. "Novell is on its way to becoming a growth company again," said Eric Schmidt, Novell's chairman and chief executive office, in a statement. "We had planned for growth, but the market's response to NetWare 5 [directory software] has exceeded our plans." Revenue from directory-enabled NetWare server software totaled $169 million in the second quarter, up 41% from the second quarter of 1998. Directory-enabled applications grew 30% to $73 million. Service, training and consulting revenue was up 47% to $44 million. Sales of pre-directory products declined 47% to $30 million. Novell said the directory market creates an opportunity for the company to enter new software categories. Novell also plans to bring new products to market between now and the end of fiscal 2000 that address single sign-on, e-commerce infrastructure, quality of service, policy-based management, personal identity control, caching performance and public key security.