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Technology Stocks : Dell Technologies Inc.

DELL 119.41

-2.7%

Nov 19 3:59 PM EST

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To: GVTucker who wrote (174946)	6/1/2005 8:54:13 PM
From: rkral	Read Replies (1) of 176387

GVTucker, re "If it is, Dell owes his shareholders an apology for spending billions of their dollars buying back stock at what he thought were absurdly high prices." In retrospect the prices paid look pretty good. Assuming you guys are referring to calendar 1999 and 1998, from Dell's FY2000 10-K ... "During fiscal years 2000 and 1999, the Company repurchased 56 million and 149 million shares of its common stock, respectively, for an aggregate cost of $1.1 billion and $1.5 billion" sec.gov ... which calculates to price per share of $18.95 ($1061/56)and $10.19 ($1518/149), respectively. There hasn't been a stock split was Mar '99, so I think the numbers are correct ... but I don't know how they paid such low prices. Ron

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