Online Today             OLT-384

LOTUS, NOVELL TO MERGE

  (April 6)
  Lotus Development Corp. and Novell Inc. have signed an agreement in principle
to merge.
  Under the agreement, Lotus will issue 1.19131 shares of Lotus common stock
for each share of Novell common stock. The exchange ratio values each company
at its current market valuation, based on the average closing price of each
company over the last 10 trading days. As a result, Lotus will issue
approximately 41.6 million new shares, based on currently outstanding shares,
and assuming conversion of Novell's outstanding convertible subordinated
debentures.
  After the merger, the two companies will combine their boards of directors.
Jim Manzi will continue to serve as Lotus' chairman, president and chief
executive officer. Ray Noorda, Novell's chief executive officer, will become
vice chairman of Lotus. Novell will be operated as a wholly-owned Lotus
subsidiary.
  Lotus and Novell expect to finalize the deal in July.
  "The merger combines two great companies which share a very similar strategy
and focus," Manzi said. "Both Novell and Lotus are executing identical
cross-platform strategies, both companies are heavily invested in networked and
organizational computing, and we both believe customers will benefit from the
complementary nature of our software offerings which, when combined, result in
a strong suite of solutions meeting our customers needs."
  --John Edwards





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Online Today              OLT-90

TODAY'S MONITOR NEWS

 1 Group Files Suits in Singapore
 2 Computer Bowl II Set for April 27
 3 Maxtor Names COO at Miniscribe
 4 Apple to Trade in Tokyo
 5 Lotus, Novell to Merge
 6 Businessland Earnings Below Predictions
 7 Monitor Week in Review

 8 Yesterday's Late News

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