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Strategies & Market Trends : Making Money is Main Objective

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To: Softechie who started this subject	12/28/2000 11:21:21 PM
From: Softechie	Read Replies (1) of 2155

Dell Vice Chair Rollins Prepares $10.4M Of Stock For Sale (DELL) (NewsTraders.com)--Dell Computer ( DELL ) Vice Chairman Kevin Rollins filed to register stock worth about $10.4 million for sale, according to Form 144 documents released Wednesday by the SEC. According to the regulatory filings, Rollins slated 600,000 shares for sale just in time for the holidays -- with half marked for sale on Dec. 21 and the other half to be disposed of on Dec. 22. Goldman Sachs was the brokerage firm charged with executing the transactions. According to the Form 144 paperwork, Rollins received the shares by exercising options received under the company's incentive plan. The most recent of the two regulatory documents confirmed the Dec. 21 sale of 300,000 shares, reporting that Rollins pocketed $5.1 million in gross proceeds. There are currently 2.62 billion shares of Dell Computer outstanding, the filings said. Shares of Dell recently slid $0.50 to $17.50; earlier today, it came to light that Prudential Securities sees both Dell and fellow computing giant IBM ( IBM ) reporting lower-than-expected revenues due to further weakening demand.

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