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

To: D. Swiss who wrote (154587)	3/4/2000 10:05:00 PM
From: calgal	Respond to of 176387

Hi Drew! Did you see this announcement? :)Leigh ``What the company is doing is adding more operations-level directors to the board,' said Ashok Kumar, an analyst at U.S. Bancorp Piper Jaffray. ``It's good to rotate out old hands and bring in fresh blood.' austin360.com Technology Longtime director exits Dell board Vacancy left by 13-year board member Hirschbiel won't be filled soon By John PletzAmerican-Statesman Staff Posted: March 4, 2000 Paul Hirschbiel, Dell Computer Corp.'s longest-serving director, other than founder Michael Dell, is leaving the company's board. Hirschbiel, a 47-year-old venture capitalist, announced his resignation during a regularly scheduled Dell board meeting Thursday, the company said. Hirschbiel has been a board member at Dell since October 1987, when he was a vice president and director of a venture capital fund then known as Prudential Equity Investors, an affiliate of the Prudential Insurance Co., which was an original investor in Dell. His current term was set to expire in mid-2001. Hirschbiel said Friday from his home in the Hampton Roads area of Virginia that he had been planning to leave for some time. ``This has been an ongoing discussion between Michael and I,' Hirschbiel said. ``We decided I'd leave when the time was right. Michael and I decided the time was right. I think 13 years is long enough.' Hirschbiel came to the company when Prudential invested $3 million in a private placement that raised $20 million for Dell. Within three years, the fund cashed out its investment, distributing the Dell stock to 33 investment partners. ``Typically I would have withdrawn from the board then,' he said. ``I ended up being there much longer than I expected.' Hirschbiel said someone recently calculated that the investment would be worth about $2 billion today had everyone held onto their shares. Hirschbiel leaves Dell owning or having options to purchase about 1.3 million shares of stock, which closed Friday at $46.25. Dell spokesman Rick Scott said there are no immediate plans to fill the vacancy. Dell announced in December that it would add two seats to the 10-member board to accommodate retiring vice chairman Mort Topfer, a six-year member of Dell's Office of the Chief Executive, the triumvirate including Dell and Kevin Rollins that heads the company. Topfer will retire next year but remain on the board. Also joining the board is Sam Nunn, a retired U.S. Senator from Georgia, who heading the Senate Armed Services Committee. Nunn and other recent additions underscore the company's move in recent years to bring high-caliber executive firepower to the boardroom. ``What the company is doing is adding more operations-level directors to the board,' said Ashok Kumar, an analyst at U.S. Bancorp Piper Jaffray. ``It's good to rotate out old hands and bring in fresh blood.' The board Hirschbiel leaves bears little resemblance to the one he joined nearly 13 years ago when the company was just three years old. When the company went public on June 22, 1988, it had just five directors, most of whom were homegrown early financial backers: Michael Dell, then-president E. Lee Walker, Bob Inman, George Kozmetsky and Hirschbiel. Today, the only Austin-area or Dell-affiliated members are Dell and Topfer. Among the outside directors are Donald Carty, chairman of AMR Corp., the parent of American Airlines; Michael Jordan, retired chairman of CBS Corp.; Alex Mandl, chairman of Teligent Inc.; Michael Miles, former chairman of Philip Morris Cos.; and Mary Alice Taylor, an executive vice president with Citigroup. You may contact John Pletz at jpletz@statesman.com or 445-3601.

To: D. Swiss who wrote (154587)	3/5/2000 12:21:00 PM
From: kemble s. matter	Read Replies (4) \| Respond to of 176387

Drew, Hi!! Drew babes...In response to this RE: This tells me the big boys MAY know something that we don't. It may be related to the MSFT announcement on the strength of Win2k sales and that large customers are stepping up their ordering. I realize that the volume here these past few sessions has been something to take note of ....What may have prompted this buying? Why push the price up when DELL hasn't put the number on a quarter in quite awhile? Well, first we may have to use some perception...or perhaps forget some past misperceptions... :o) Nothing has been wrong at DELL...Sure the skeptics had their field day blowing smoke over land mines that DELL stepped on...I'm sure Michael will be blamed for the Taiwan earthquake too... :o)....Well, let's see some news...I guess it was a week ago when the Naz was down and DELL was up that I wondered why we had such an unusual situation...Calling my broker he told me ML (no real friend of DELL's IM0) had been pounding the table all morning long ...Why?? ML believes that there has been a "corporate up tick for DELL recently"...In common terms...DELL's kickin' ass again and stealing share... :o) So, second tell tale sign of why this recent run...MSFT announces a better than expected launch to W2K.. Huuuummmmm...Now, when was the last time MSFT hyped anything? And, considering the launch isn't a month old...Drew, I'm excited...Excited because if we think back to August and recall the DELLCONNECT CONFERENCE in Austin we should be drooling...Well over 1000 CIO's attended this conference and the eyes were popping over what "DELL can do for them"....I believe these folks were "actually drooling at the things DELL could set up for them"....Then I go back a few months further and recall the things I heard at Chelsea Pier in NYC overlooking the Statue or Liberty when the corporate heads told me "You can't afford NOT to do business with DELL"... Drew, I love reading backwards...The best way to remember why I own a few shares....It's alllllll there...all one has to do is trust...DELL controls so much of the corporate world and more and more are realizing that the e-commerce initiatives that DELL has benefited from for 15 years will be the example they need to copy...No one has the experience DELL does...DELL will being having that "SUPER" 2000 ... Best, Kemble