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

To: Jack T. Pearson who wrote (43918)	5/21/1998 12:27:00 AM
From: Sr K	Respond to of 176387

In the conf call they said they bought back 10 m shares during Q1 for $334 m (if I recall correctly). At $33.40 per share this could not have been in the open market since Feb 1. So the quarterly purchases probably were from the exercises of some calls and/or the expiration of puts. Details will be in the 10-Q, but does anyone know more? Stockholders' equity also indicates that the repurchased shares were from option exercises (something already on the books). The $576 m "gain" on the buyback is about 83 cents/share; add .44 and multiply by 4 and at today's close we're at only an 18 P/E <ggg>.