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

To: Lucretius who wrote (42711)	5/17/1998 3:10:00 PM
From: Venkie	Respond to of 176387

Are you a male or female..It doesn't make a difference but I want to know...pls

To: Lucretius who wrote (42711)	5/17/1998 3:17:00 PM
From: Dave Taylor	Respond to of 176387

L-T Why don't you post all your trades with DELL during the past couple of years so we can see how you've done? Maybe we could learn something. I'd like to see how successful you've been with your views on DELL. I've been long for 2 years and have made a ton of $$$. Show me how you've done better. Maybe you are wasting your time and energy here. Just curious.... Dave

To: Lucretius who wrote (42711)	5/17/1998 3:19:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Lucretius, here is what you actually said: "You HAVE seen the effect of the buybacks. the buybacks lower the number of shares outstanding. You have seen the effects of these buybacks. How do you think DELL can "grow" its earnings. DELL continues to borrow money to buy its stock." Not true. "[Continuing] This will come back to haunt them. These buybacks allow DELL to actually not grow 'true' earnings, and buy stock to make their performance look better. It essentially works like this: "A co. can have flat earnings (DELL's have grown, but not to the extent that they have appeared to), use those earnings plus borrowings to buy back shares, thus making it appear that earnings are growing. Meanwhile, what is really going on is comparable to a co. having flat earnings and paying out dividends w/ borrowed money, would you pay 60x earnings for such a co? As DELL's mkt cap gets larger and larger, it will be increasigly harder for DELL to buy stock and "manipulate" their earnings higher in a meaningful way." I have italicized those sections I referred to. Nowhere did you say that Dell enjoyed very real and rapid growth.

To: Lucretius who wrote (42711)	5/17/1998 4:39:00 PM
From: Walt Corey	Read Replies (2) \| Respond to of 176387

LT, doesn't bought-back stock still count as outstanding shares? I know there is some procedural thing dealing with stock buybacks such that it is considered 'dirty shares' and can only be used for certain activities. Not being an accountant I don't know the details but if it's considered dirty shares then it is considered shares nonetheless and not artificially inflate EPS. It affects the float but not the outstanding? Walt