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

To: Michael G. Potter who wrote (147597)	11/17/1999 11:48:00 PM
From: Esway	Read Replies (1) \| Respond to of 176387

Dell returns to consumer PC market Home networking systems showcased at Comdex cbs.marketwatch.com

To: Michael G. Potter who wrote (147597)	11/18/1999 1:47:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 176387

Believe it or not, I actually hate accounting. It makes my life miserable when trying to convert GAAP into meaningful numbers. And the failure of the SEC to require companies to adequately account for Employee Stock Options is the worst nightmare of all. It seems to me that the purpose of accounting ought to be to provide users of financial information a clear and factually correct picture of the financial performance of a company. All too often we are treated with reports with managed earnings that bear little resemblance to the truth. Nevertheless, this stuff is important to investors. The nice part about Dell is that its accounting is relatively clean (with the notable exception of options), probably because it doesn't use channels (and therefore avoids avoids bogus sales), and, up until the recent acquisition, has grown internally. For a stark contrast look at LU's most recent annual financial results. On the face of it GAAP operating earnings look wonderful, but when you calculate operating cash flow you get a totally different picture. Although there was improvement in the fourth quarter, I am beginning to question the long-term solvency of the company. TTFN, CTC