Chuz,
Now i see, you were talking about the last quarter, and I was using the annual statement.
When we were in Austin this past week, we saw 4 LARGE new buildings, 3 of which were just dirt fields this time last year. We also saw 1 building (the second Parmer facility), which is about as far along as the first Parmer facility was last year, and 2 other sites undergoing site preparation => a total of 7 new buildings here within roughly a 1 1/2 year time expanse. If one also considers the planned Tennessee expansion, and the facilities in Brasil and China, we are talking about a huge outlay of capital. The two new production facilities are very large and more than double last year's production capability.
I am not as versed in corporate finance as you, so you tell me: is it possible that the building program is the cause behind the build-up in cash and securities? Because I really do not think that DELL is considering a purchase of any company. Partnering, perhaps, but no buyout.
DELLish, 3. |
