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


To: John Koligman who wrote (176193)7/14/2009 1:15:22 PM
From: Sr K1 Recommendation  Read Replies (1) | Respond to of 176387
 
Dell Financial Services was operated by CIT, with the ownership 70% Dell, but in FY 2008, Dell brought the operation all inside, AFAIK.

latest 10-K

page 4

Financial Services

We offer or arrange various customer financial services for our business and consumer customers in the U.S. through Dell Financial Services L.L.C. (“DFS”), a wholly-owned subsidiary of Dell.

page 33

CIT minority interest was eliminated due to our purchase of CIT Group Inc.’s (“CIT”) 30% interest in Dell Financial Services L.L.C. (“DFS”) during the fourth quarter of Fiscal 2008.

page 55

Dell was formerly a partner in Dell Financial Services L.L.C. (“DFS”), a joint venture with CIT Group Inc. (“CIT”). Dell purchased the remaining 30% interest in DFS from CIT effective December 31, 2007; therefore, DFS is a wholly-owned subsidiary at February 1, 2008.

sec.gov