Uncle Frank, I think Dell will not blow out numbers. I also think that investors will be disappointed with topline growth. If that happens then look for the tech sector to slide a little. That might present us with a buying opportunity for Cisco.
Read this:
"Dell Insiders Sell Shares
Executives of Dell Computer Corp., Austin, Texas, sold nearly one million shares of stock in January, carrying a value at the time of about $71 million. Founder and Chief Executive Michael Dell accounted for the bulk of the sale, parting with 648,000 shares Jan. 7 for prices ranging from $76.60 to $78.75 a share, or about $50.3 million, according to the Washington Service, a research firm that tracks insider buying and selling. Other Dell executives selling shares last month included Chief Financial Officer Tom Meredith, who sold 100,000 for a total of about $7.4 million. His shares went for between $73.88 and $74.31 each, according to the Washington Service. Alex Smith, vice president and treasurer, sold 67,200 shares ranging from $74.06 a share to $74.63, for a total of about $4.9 million. James Schneider, vice president of finance, sold 61,000 shares between $74.38 a share and $79.81 a share, for a total of about $4.7 million. And Vice Chairman Kevin Rollins sold 52,000 for $75 a share, or $3.9 million. Dell has about 1.4 billion shares outstanding, on a diluted basis. Dell spokeswoman Libba Letton said Friday that such sales aren't unusual because many Dell executives are compensated in stock and must adhere to strict trading windows." -- from WSJ |
