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


To: Sam who wrote (27038)5/26/1999 12:12:00 PM
From: gladman  Read Replies (1) | Respond to of 42771
 
I think we'll see analyst coverage and/or upgrades this week, IMHO of course, next few days will be interesting, I would anticipate upward movement tomorrow if the NAZ ever really turns around. INTU reported yesterday as well and it's getting crushed. General market conditions killing a nice earnings release.

Good luck. Dave



To: Sam who wrote (27038)5/26/1999 12:21:00 PM
From: DJBEINO  Read Replies (1) | Respond to of 42771
 
26-May-99 09:49:35 Novell's initial rise to $24 5/8 attracted multiple sell super messages from investors. The firm's I-Watch chart shows that a series of brokers offered to sell blocks at prices ranging as low as $24 7/16. While Novell remains in positive territory at $24 1/16 with a $5/16 gain, trading looks choppy. Novell's intra-day drop is consistent with broader moves seen in the Nasdaq Composite - it does not appear to be a company-specific move. Yesterday Novell reported FY99 2Q earnings of $0.11 which was a penny ahead of the First Call consensus estimate.