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

To: Sig who wrote (47298)	6/13/1998 3:08:00 AM
From: Sig	Read Replies (1) \| Respond to of 176387

Have received the Dell 1998 Annual Report, if the broker holds all your stock you amy not get one> In that case the whole thing is available in color graphics from the Dell web site and can be read with Adobe Acrobat which is free software. dell.com Considering the CEO is the richest man in Texas, they are setting a new president for clarity , readability and brevity in Annual reports( Perhaps because there are no bankers or lawyers or lawsuits involved)(ggggg). Six small graphs are presented on the borders of pages 4 thru 7 which should dispell all doubts about just where the company has been and whether it is likely that growth can be sustained. Net revenue, earnings, roic,days supply in inventory. About half (or more) bearish comments on the thread could be relegated to the junk pile just by perusing the document or the curves. Some other interesting items concern the (non-use) of debt instruments. They have 250 mil revolving credit(unused), 150 mil recievables security loan(unused), a new 500 mil authority to issue debt security( unused, unissued) What they do have is a new 227 mil master lease facility for real property buildings or equipment to be acquired, of which they have used $43 mil. And they plan to spend about $330 mil cash on manufacturing and office construction in the next year. I interpret this to mean they will use renewable leases and cash flow to cover the new major construction activities and keep the long term debt and loans at a minimum as is customary. (LT debt is listed as $17 mil) They have also sold 55 mil shares on put options as of Feb 98 (I apologize if some of this is repetitious, Meathead or THE CAT could explain it better(ggg) Sig