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

To: MichaelW who wrote (31670)	3/2/1998 3:40:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 176387

DELL splits 2:1 historically around $100/share on announcement date... Sometimes as low as $90-95 at split announcement. Sometimes not even at $103 on earnings' day (see November 97; many of us were disappointed to not see a split announcement at that time). Split announcements have always (to my knowledge) coincided with quarterly earnings announcements--no special press release just for splits. (NOTE: DELL shareholders must approve the next split since there are not enough authorized shares to effect a 2:1 after March 6.) Therefore, the question is not about the possibility of stock splits in the future, but when will DELL rise and hold above $100 after the March 6 split. Personally, I'm betting on November 98 or February 99 for next 2:1. I'd be surprised if May 98 or August 98 earnings came with an announcement. Also, it has not been the Company's style to do anything except for 2:1. All of this 3:1, 5:1, and 5:2 talk is about the most "speculative" stuff I've read here and elsewhere. I wouldn't put my money on anything other than 2:1 at or around $100, and even then, don't be surprised if the Board waits a quarter to do it (see Nov. 97)

To: MichaelW who wrote (31670)	3/2/1998 11:17:00 PM
From: jbn3	Respond to of 176387

re: the possibility/probability of future splits. Historically DELL tends to announce splits when the stock is in the 85-100 range. The company believes in its future and Michael likes for the small investor to have the opportunity to buy shares at a reasonable price. That said, the company may never have another split. However, if earnings growth continues at the current rate or better, the stock price should continue to trend up, and splits should occur periodically. Barring unforeseen calamities, I expect the next split will be announced no earlier than November, no later than February. However, due to the number of shares authorized and outstanding, no split is possible without shareholder approval to issue more shares. Examine your proxy for the shareholders' meeting when you get it. If there is no item listed to increase the number of authorized shares, a split is unlikely to happen. If the proxy contains a votable proposition to increase the shares to a quantity which would enable a 2:1 split, at least you know the company is considering that eventuality. Regards, 3.