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

To: Thomas M. who wrote (71064)	11/28/1999 2:04:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 132070

Try reading this for the explanation: Message 12125579 Before you dismiss me as arrogant, consider that Skeeter first talked about issuing stock (false), then back-tracked and talked about $500MM in debt (true), but then assumed that the purpose was to meet some kind of cash crunch (arrant speculation), and never took the time to investigate the stated purpose of the debt. Do you think it is inane to speak factually? And do you think it's arrogant to call specious thinking to task. So's who's assuming what? Now to your comment: The buybacks are not significantly reducing the share count. They are simply financing the issuance of new shares to insiders. This is not "free cash flow". This is paying one's employees, a basic cost of business. Wrong again. The issuance of shares through stock option plans transfers cash from shareholders to employees. It does not require stock repurchases, which, in any case, requires the outlay of cash. In fact, Dell finances much of the issuance of new shares through the sale of put options. Stock repurchases are no more free cash flow items than dividends.

To: Thomas M. who wrote (71064)	11/28/1999 9:03:00 PM
From: Simba	Respond to of 132070

Thomas: You write in response to chuzzlewit: < <What really bothers me about these kinds of posts is the monumental amount of misinformation glibly passed in these threads.> My God, you're arrogant. Skeeter made a better point than any of your inane hogwash. Why is a company that is supposedly drowning in cash raising money on the open market? > Maybe DELL got "cheap" money. Sure FCF maybe very good if someone like Al.com is willing to lend some really cheap money for the long-term why not take it ? Simba