Dell Technologies Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc.

DELL 130.13

-2.3%

10:50 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (176122)	8/29/2008 1:43:27 AM
From: Sr K	of 176387

The AH trading, down 10%, was idiocy. It looks to me like they packaged EMEA services for a better tax cash flow result, and didn't want to talk about it. They said the 2-3 cents shift was cash flow neutral and all the deferral will be recognized later. Add back the $18 m litigation expense (was that for exploding batteries?) and that's another cent. Listen or read Michael's comments at the beginning of the cc, or just look at CFO for ttm of ~$1.61. To me it's a good report. They bought back 60 m shares for $1.4B or $23.33/share in the quarter. If they think $23.33 is a good price, then 1.1 times that or 25.57 would be a fair price and near-term target. - I was interested in the comments on DFS. This was a JV with CIT, I believe. And Dell may have taken it over. Here's from seekingalpha.com half-way down: Interested because it may present the reality of "subprime", at least in this portfolio. Benjamin Reitzes - Lehman Brothers Okay, and then Brian, just you’ve been on board now for at least a few months and any progress on the DFS assessment and anything that you might want to talk about what you are looking at? That portfolio has close to 20% sub-prime receivables. I was wondering if there’s just any comment on whether we can expect a write-down there, given the environment? Brian T. Gladden We don’t expect any write-down. We feel like we are adequately reserved. We are watching it closely. We are in the midst of a strategic assessment. As we’ve said, we’ll be ready to talk about something there during the third quarter and that’s still on track.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next