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

To: Venkie who wrote (37900)	4/15/1998 10:29:00 AM
From: SecularBull	Respond to of 176387

STOCK BUYBACK PROGRESS FOR DELL: "During fiscal 1998 and fiscal 1997, the Company repurchased 69 million and 81 million shares of its common stock, respectively, for an aggregate cost of $1.0 billion and $503 million, respectively. The Company utilizes equity instrument contracts to facilitate its repurchase of common stock. At February 1, 1998 and February 2, 1997, the Company held equity instrument contracts that relate to the purchase of 50 million and 36 million shares of common stock, respectively, at an average cost of $44 and $9 per share, respectively. Additionally, at February 1, 1998 and February 2, 1997, the Company has sold put obligations covering 55 million and 34 million shares, respectively, at an average exercise price of $39 and $8, respectively. The equity instruments are exercisable only at expiration, with the expiration dates ranging from the first quarter of fiscal 1999 through the third quarter of fiscal 2000. At February 2, 1997, certain outstanding put obligations contained net cash settlement or physical settlement terms thus resulting in a reclassification of the maximum potential repurchase obligation of $279 million from stockholders' equity to put warrants. The outstanding put obligations at February 1, 1998 permitted net-share settlement at the Company's option and, therefore, did not result in a put warrant liability on the balance sheet. The equity instruments did not have a material dilutive effect on earnings per common share for fiscal 1998 or fiscal 1997." SOURCE: DELL 10-k

To: Venkie who wrote (37900)	4/15/1998 10:34:00 AM
From: SecularBull	Respond to of 176387

ON DILLUTION: "Had the Company accounted for its stock option and stock purchase plans by recording compensation expense based on the fair value at the grant date on a straight line basis over the vesting period, stock-based compensation costs would have reduced pretax income by $100 million ($69 million, net of taxes), $22 million ($16 million, net of taxes) and $8 million ($6 million, net of taxes) in fiscal 1998, 1997 and 1996, respectively. The pro forma effect on diluted earnings per common share would have been a reduction of $0.09, $0.02 and $0.01 for fiscal years 1998, 1997 and 1996, respectively. The pro forma effect on basic earnings per common share would have been a reduction of $0.11, $0.02 and $0.01 for fiscal years 1998, 1997 and 1996, respectively." DELL 10-k

To: Venkie who wrote (37900)	4/15/1998 11:34:00 AM
From: Rosemary	Respond to of 176387

Donnie, OT Well you're right about spaz, its movin today. I have to say that I'm very impressed with all the dellheads not giving all the credit for intels earnings to Dell. Though they probably deserve it. Here's what I know from an insider at JBIL. Dell has given some business to them. Now why would that be? Is it that they are doing better than the other company can keep up with? I think its SCI. I don't know the reason, but JBIL is doing some work for Dell and that's all I know.