| From: Arthur Tang | 5/14/2008 6:04:45 AM |
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Well, It looks like Novl is bottoming here.
The news on $100 million buy back plan will give market makers a cash pool and stock pool to manage the Novl market better. It looks like the immediate future is $8 level.
The fundamentals of Novl is not their products, which is still lackluster. Novel will find itself some day in SOA website creation software for their netware customers. Novl has been looking for the rainbow beyond Suse, but found no pot of gold anywhere. The pot of gold has and always will be their own netware customers. The business plan of least resistance is easy to do. Netware customers love Novl, but they could use more products to increase productivity. Novl has been concentrating on security issues. Productivity is ERP(efficient resource management). Organization head count, financing operations, inventory control, QA, Sales penetration study in marketing, etc.
The safety factor is hidden in Novl's antitrust lawsuit. Which may be settled someday from Microsoft for a large sum.
How to build Novl from here, is still the resistance level of the stock. $8 may be the level they have to breakout with a productivity suite of software to be introduced soon. |
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