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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: halfscot who wrote (120861)	4/27/1999 8:05:00 PM
From: Fangorn	Read Replies (1) of 176387

halfscot, From Dell's 10-Q which showed up on Yahoo a couple hours ago... sec.yahoo.com >During fiscal year 1999, the Company repurchased 149 million shares of common stock for an aggregate cost of $1.5 billion, primarily to manage the dilution resulting from shares issued under the Company's employee stock option and purchase plans. The Company is currently authorized to repurchase up to 200 million additional shares of its outstanding common stock and anticipates that repurchases will constitute a significant use of future cash resources. At January 29, 1999, the Company held equity instrument contracts that entitle it to purchase 49 million additional shares of common stock at an average cost of $14 per share at various times through the third quarter of fiscal year 2000. For additional information regarding the Company's stock repurchase program, see Note 6 of Notes to Consolidated Financial Statements included in "Item 8 Financial Statements and Supplementary Data."<

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