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Technology Stocks : Dell Technologies Inc.
DELL 130.49+0.4%3:59 PM EST
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To: stubba who wrote (169575)5/8/2002 9:36:47 PM
From: mepci   of 176387
 
stubba: Let us first put known facts by source.
Increase in SE: $4.7B-$2.3B=$2.4 less than $1/sh. This what really matters to shareholders.
$50: is not the exercise price. It is the price at which mgmt. sold. We don't know exactly what it is. $50 may be is high. How about $40. Whatever we pick is a guessed number. For sure it is not less than $30. Let us it is $30.
What did SEC indicate as the average exercise price? $1, $4, $14. It certainly not more than $9.
Number of shares retired: I have not seen anything that said Dell retired any shares anytime. Can you point to the exact reference in the reports?
Shares Outstanding: Current-2.595B(from nasdaq fundamentals)
1999: 2.536N(from 10k-99)
That is a reduction of 59M shares. So I am going to assume nothing is retired unless you point me to a report which says so.
Until then I am going to assume your 1B shares went for stock option exercises.
With these new assumptions mgmt./employees took in $21B to stockholders $2.4B.
Even if the exact figure is not 10 to 1, even 2 to 1 is lopsided.
I certainly like to sharpen the pencil get these figures closer to real. That is the job Scheinder should have done. Of course the derivative business was mishandled by him, after a fine job done by Tom Merideth.
One more thing: What period does the 1B stock purchase cover?
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