Hi leigh,
I know what is wrong with DELL. This is NEWS that came out over and over again. They keep repeating the same old news.
We all know that MD sells 4 million shares.
Nov 29, Dec 7, 8. I know there are other dates of filings. This is nothing NEW but it drives the stock down.
Dorine
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Dell vice chairman files to sell company stock
Plus: Filings news on CNet, Infospace.com and E-Tek
By Amanda Tyler, CBS MarketWatch
Last Update: 5:35 PM ET Dec 8, 1999
WASHINGTON (CBS.MW) -- Dell Computer Vice Chairman Kevin Rollins filed to sell 350,000 shares of common stock, worth an estimated $15.8 million, according to a filing released by the Securities and Exchange commission late Tuesday.
The release of Rollins's filing comes just one day after the SEC released a Form 4 filed by Chairman Michael Dell detailing his sale of 4 million shares of the company's (DELL) common stock in mid-November. See related story.
Rollins planned to sell the stock on Dec. 3 through Goldman Sachs.
An SEC Form 144, such as Rollins', shows a filer's intent to sell shares. Actual verification of sales, if they occur, are required in later filings.
There are an estimated 2.55 billion shares of Dell outstanding. The stock closed down 1 7/8 at 43 1/2 on Wednesday.
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