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Technology Stocks : Dell Technologies Inc.

DELL 133.20

+5.7%

3:59 PM EST

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To: Frank Ellis Morris who wrote (130238)	6/1/1999 9:16:00 PM
From: Walcalla	Read Replies (1) of 176387

Re:.> I am hoping now that since Michael does not give a s##t anymore allowing the stock to plunge that IBM will make and achieve a hostile take over.< (this is from the 1999 Dell proxy statement referring to raising the amount of authorized shares to 7 billion.) The proposal could have an anti-takeover effect, although that is not its intention. For example, if the Company were the subject of a hostile takeover attempt, it could try to impede the takeover by issuing shares of Common Stock, thereby diluting the voting power of the other outstanding shares and increasing the potential cost of the takeover. The availability of this defensive strategy to the 7 11 Company could discourage unsolicited takeover attempts, thereby limiting the opportunity for the Company's stockholders to realize a higher price for their shares than is generally available in the public markets. The Board of Directors is not aware of any attempt, or contemplated attempt, to acquire control of the Company, and this proposal is not being presented with the intent that it be utilized as a type of anti-takeover device.

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