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

To: tejek who wrote (27027)	5/25/1999 10:31:00 PM
From: Brian Malloy	Respond to of 42771

Novell 2Q Net Doubles, Tops Forecasts Reuters Tuesday, May 25, 1999; 4:50 p.m. EDT PALO ALTO, Calif. — Novell Inc.'s quarterly profits doubled as the second-largest maker of network management software saw revenue climb 20 percent. Novell said on Tuesday net income for the quarter ended April 30 rose to $38.7 million, or 11 cents a share, from $19.3 million, or 5 cents, in the year-ago period. The results topped analyst expectations by a penny, according to First Call Corp. Revenue rose 20 percent to $315.7 million from $262.3 million. The Asia-Pacific region also continued to bounce back, where sales rose 23 percent to $26 million, Novell said. Novell, with its NetWare 5 products and other software, helps computer network administrators manage all the devices and applications on a network. The Provo, Utah-based company is also benefiting from a delay in a competing product from rival Microsoft Corp. "At 20 percent (revenue) growth, we are really becoming a growth company again," said Dennis Raney, chief financial officer, in an interview. He added that 91 percent of Novell's total revenue is related to its directory business, and that sales there increased 35 percent from a year ago. washingtonpost.com