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

To: GVTucker who wrote (174968)	6/5/2005 12:46:27 PM
From: rkral	Respond to of 176387

GVTucker, re "exact purchase price of the shares " The 'stock bull' cite was about 1.2 mln options granted to Mr. Rollins during fiscal 2005 ... not the 993,000 options exercised. Now if stock bull was asking about the exercise price on the 993,000 options ... it was $0.881 ($28.19/32), the fair market value (FMV) on 3/8/1996. That was the last of (split-adjusted) 9.6 mln options granted to Mr. Rollins on 3/8/1996 ... of which 7.04 mln had an exercise 25% below FMV. Mr. Rollins realized a cool $268.2 mln on those 9.6 mln options. Of course, if you and I had purchased 300,000 shares @ $28.19 back in Mar '96, we'd be sitting on a cool $377 mln profit today too. Ron P.S. As of the end of fiscal 2005, Mr. Rollins had not exercised ANY of his stock options received after 3/8/96.

To: GVTucker who wrote (174968)	6/8/2005 1:15:48 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 176387

GV perhaps you can explain this... in his latest letter Fred Hickey points out that Dell made $17.2 billion after tax net over the last ten years, but has only one-third ($5.6 billion) left on the balance sheet. what happened to the rest of the money Dell "made". also book value in latest Q fell to $5.6 billion or 2.24 per share, from $6.1 billion or 2.35 per share a year earlier, despite "record" earnings. what is with the disconnect between supposed earnings and retained value over such a long time period (10 yrs, and 1yr), at a company that pays no dividends?