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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (68932)	10/12/1999 7:34:00 AM
From: AurumRabosa	Read Replies (1) \| Respond to of 132070

Dell rings Bell Dell Computer Founder Michael Dell Sells 4 Million Shares Round Rock, TX (Bloomberg News) October 12, 1999 -- The chairman and founder of the Dell Computer Corporation, Michael Dell, sold four million of his company's shares last month, raising about $190.3 million. Michael Dell sold the shares of the largest direct-seller of personal computers on Sept 13 & 14 for an average price of $47.77 a share, according to documents filed with the SEC. The company's shares closed Monday at $45.5625, up 6.25 cents. Michael Dell controls about 14% of Dell Computer's 2.55 billion shares outstanding. He sold 8 million shares in both March and June, and 4 million in late August. Dell Computer, based in Round Rock, TX, near Austin, was the best-performing stock on the Standard & Poor's 500 Index in each of the last three years. The shares have risen about 24% this year. Other Dell executives also sold shares last month. Vice Chairman Morton Topfer sold 1 million shares on Sept 27 and Sept 28 for $44.3 million, or an average price of $44.13 a share, according to the SEC filings. Vice Chairman Kevin Rollins sold 400,000 shares from Sept 20 to Sept 30 for an average price of $45.36, or about $18.1 million, the filings show. Senior VP Rosendo Parra sold 123,264 shares on Sept 29 at $43.56, for a total of $5.37 million, and CFO Thomas Meredith sold 64,000 shares on Sept 17 for $2.98 million, or $46.50 a share, the filings said. Senior Vice President Joseph Marengi sold 24,500 shares on Sept 20 for $1.2 million, or $49 a share, and Senior Vice President Michael Lambert sold 50,000 shares on Sept 7 at $49.57 a share, for a total of $2.48 million.