Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: rkral who wrote (174874)	5/17/2005 10:35:09 AM
From: Ali Chen	Read Replies (1) \| Respond to of 176387

Ron, "No need to estimate an average price below the lowest price of the quarter ... or slip a decimal point 3 places." oh, that sarcasm... the units in reports are always confusing, kilo-shares, mega-shares. It is not the point, and $$ value does not change much because of my slip. You asked a question about the number of bought-back shares, I tried to quick guessmate. Then you found the answer yourself, thank you. "I don't think [ed: 30 million] options exercised is at all reasonable. Dell did not disclose shares outstanding at the end of the quarter ... I have somewhat different impression from this: dell.com (a link from your own link): Jan 05 - 2485M basic shares, Apr 05 - 2456M basic shares. It is 29M shares less, while, as you found, they bought back 50+ M shares. The difference is 21+ M shares. Does 20 million sound more reasonable to you now? 20M x $40 = $1.6B in underreported labor compensation, effectively. "... and does not use the term "float"." Who gives a duck? Float, or "weighted average shares outstanding"? "Were we talking expensing options, I would agree ... since Dell uses the intrinsic value method for options, which yields $0 expense." No. I am talking about real costs of doing business. You continue to nitpick and hide your head in deceptive formalities of creative accounting. And the cost is real despite of all creativity - the shareholder equity dropped from $6485M to $5624M, a $861M drop. The drop would be bigger if it was not offset by sales of some investments, amounted to $2.7B. I think you have to admit that you are essentially wrong on all accounts. Your nitpicking and dazzling with imaginary accuracy of your constructions is misplaced - there is no accuracy in political/financial carefully-engineered statements, and never been, IMO. - Ali