● 03.04.08

●● Quick Mention: Novell Sinks 10% in One Day’s Trading

Posted in Finance, Novell at 9:08 pm by Dr. Roy Schestowitz

The news appears in several publications, TheStreet included.

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The stock was recently down 71 cents, or 10%, to $6.41 — 27 times forward-12 months earnings of 24 cents a share. Novell had gained 14% on Friday, the day after the company raised full-year revenue guidance.

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To be fair, it comes after a rise in the stock’s value. █

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