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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: stock bull who wrote (135152)	6/30/1999 5:16:00 PM
From: Alohal	Read Replies (2) \| Respond to of 176387

Aloha Stock bull: I believe that if you check you will find that MSD and management almost certainly have been buying Dell all year, in the form of options. What would you like them to do, buy stock on the open market for 3-4X what they could pay exercising their options? Isn't that a little much to expect from them? Prop up stock price of those who were impecunious enough to pay $50/share during a clear parabolic blow-off? Sorry, I don't agree that is MSD's job. I would much rather have him focus on running/improving/growing/ Dell then on making sure no one loses money trading Dell's stock. His focus is, and should be, on the long term, both for the company and for it's stockholders. Short-term traders had several years to take advantage of Dell's stunning rise, now they can go elsewhere in search of a fast buck. Personally I'm content to hold my shares long-term and sleep well than to have to worry about every short-term event in the market place. Sorry for the rant, not aimed at you or anyone in particular. I would just like to see this thread return to the excellent source of information it has traditionally been, than to have to wade through hundreds of posts worrying about day-to-day, week-to-week or even month-to-month fluctuations. Be patient, think long-term, you will be rewarded. Aloha

To: stock bull who wrote (135152)	6/30/1999 6:38:00 PM
From: JRI	Read Replies (3) \| Respond to of 176387

Stock Bull, given that MD still has over 85% of his net worth tied up in Dell stock, I think it is unnecessary that he buy additional shares...if the market misreads his regular sales, so be it...the man held almost all of his shares for over 13 years...if he can not start selling now (or 2 years ago) something is wrong with those viewing the stock (not MD)....he started selling when the stock was appreciating over 200% a year (and people still complained)..I don't think he can win that battle... He should diversify a bit. What I WOULD like to see is MD & staff outlining what Meathead just so brilliantly outlined (why many PC's will never be free, or low-cost...subsidized by ISP's). Meathead did a yeoman's job in outlining some very simple reasons why....apparently, few pundits in the press or on TV bring up these issues..also, several weeks ago, I liked the line that MD and co. were taking focusing on Dell/Internet...how the Dell is becoming fully-integrated internet company (probably as great as any manufacturer in the world)... Continuing along this track...and getting the conversation turned away from the endless drone of cheaper PC's.... I think Dell would start to see the "goodwill" that IBM, Cisco and others enjoy...Certainly, on a PEG basis, Dell is competitive/beats many of these "favored" companies (Cisco PE now about 110! Growth rate at low 30's)...now Dell needs to win the PR war (again)

To: stock bull who wrote (135152)	7/1/1999 12:35:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Stock Bull, the answer is quite simple: employee stock options. The ESO program is how we (the shareholders) agreed to compensate management. For tax reasons beyond my ken (having to do with alternative minimum taxes - AMT) managers find it financially advantageous to exercise options and immediately sell the stock. Only when shareholders get sufficiently fed up with the horrendous practice of using stock options as a surrogate for salaries and bonuses (which companies like because it allows them to understate the cost of doing business because the cost of the options is not an income statement item) will this practice end. As a matter of course, I always vote against options when I receive a proxy statement. I suggest that the rest of the thread does likewise. As a side note, Warren Buffet always terminates employee stock options when he acquires a company, because he feels that this subterfuge is bad for investors. TTFN, CTC