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Technology Stocks : DELL Bear Thread

DELL 122.55

+4.4%

Nov 21 3:59 PM EST

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To: Lucretius who wrote (843)	5/25/1998 8:41:00 PM
From: Richard Tsang	Read Replies (1) of 2578

Saw recent news release by Reuters (5/19) "Dell says purchased 180 million shares of 250 million". I would assume that this is in dollars, not number of shares. This seems a lot. Can anyone explain to me why the buy-back? Is it to cancel shares issued to executives under their stock option plan so that the EPS continue to show growth? I am bearish on Dell and am currently short. Thanks. RT

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