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

To: yard_man who wrote (169639)	5/16/2002 4:58:41 PM
From: MechanicalMethod	Read Replies (1) \| Respond to of 176387

It's nearly back to where it closed but I suspect it's going higher tomorrow.

To: yard_man who wrote (169639)	5/16/2002 9:23:07 PM
From: yard_man	Read Replies (1) \| Respond to of 176387

Double counting is just about the same as lying in my book -- I don't believe that these option sales weren't contributors to earnings. If they were contributors to earnings, then the CFO can't claim that they counted toward reducing the cost of the buybacks. And for all the buybacks, what has happened to shares outstanding? What a bunch of smoke and mirrors ... This share repurchase program is nothing more than a transfer of wealth out of the company to the insiders. >>Dell's Chief Financial Officer Jim Schneider defended the company's share repurchase plan, which has been criticized in some news reports as being too costly. He said the use of "put" and "call" options since 1996 has enabled the company to buy back shares at an average price of $10.90 a share. <<