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Technology Stocks : Compaq

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To: profile_14 who wrote (84184)8/13/2000 8:22:26 PM
From: rudedog  Read Replies (2) of 97611
 
Profile - after some digging on DELL's investment income, it looks like
1) the $125M was pre-tax
2) the tax rate was probably 35%
3) Some of that was income from finance operations (although I don't know why that would be non-operational unless it was money made on the lease hedge or something like that)
4) the net of all that is that investment income was about .02 of EPS
5) Some analysts (such as Fortuna of ML) expected income from Ops at .21 and call this a miss. Others were expecting .21 including investment, and say DELL beat estimates. All in all a mixed bag.
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