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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (163316)5/1/2002 7:54:52 PM
From: reaper  Read Replies (3) of 436258
 
yeah, building shareholder value

6 years ago when the program started (October 29, 1995 quarter) Dell had 3.231 billion fully diluted shares outstanding (adjusted for all splits). As of November 02 2001 Dell had 2.728 billion fully diluted shares outstanding.

So Dell has bought back 940mm shares but at the same time the share count has only been reduced by 503mm. What happened to the other 437mm shares?

Can you imagine, Dell has spent fully $10 BILLION of its shareholders money to buy back stock in the last ten years, yet those shareholder's proportionate interest in the business has barely budged. Can you say "wealth transfer"?

btw, anybody know what Mikey Dell and other members of management were doing with THEIR shares while the company was busy spending $10 billion BUYING <ng>

Cheers
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