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Technology Stocks : Dell Technologies Inc.
DELL 129.25+0.7%Dec 26 3:59 PM EST
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To: stockman_scott who wrote (170065)7/2/2002 2:03:05 AM
From: Sr K  Read Replies (1) of 176387
 
Reminds me of Tyco's intra-company transactions such as (from CIT's S-1/A):
(2) On September 30, 2001, we [Tyco Capital, later CIT] sold certain international subsidiaries, which
had assets of $1.8 billion and liabilities of $1.5 billion, to a non-U.S.
subsidiary of Tyco for a note in the amount of approximately $295 million.
This sale did not affect earnings for the period ended September 30, 2001.
On February 11, 2002, we repurchased the international subsidiaries that we
had previously sold to an affiliate of Tyco.
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