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


To: Frank Ellis Morris who wrote (69306)10/5/1998 5:16:00 PM
From: jhg_in_kc  Read Replies (2) | Respond to of 176387
 
TO all: Is there anything unusual about the latest sale of shares by Michael Dell? DOes this represent a bigger than usual sale of shares? Or is it trading as usual for him? How does this latest sale compare with those in the past? Anyone have any information?
jhg



To: Frank Ellis Morris who wrote (69306)10/5/1998 5:33:00 PM
From: Jim Patterson  Read Replies (4) | Respond to of 176387
 
RE: Do you think he may be underhanded and telling everyone things they want to hear as opposed to what really is??

I would expect the Mgt team of DELL to be like the all others I have seen when it comes to divulging information about a quarter or what ever.

2 days before EFII blew up, Some one told me that Investor relations told them every thing was just fine like 2 days before the blow up.

As a matter of fact, this type of action is becoming more and more common. Keep telling them every thing is great until there is no way to hide the bad.
Use what ever dirty accounting tricks to cook the books, Next quarter will be great and we can cover our tracks. Then the next quarter is not so good and the books get cooked a little more, and the story the street wants to hear does not change.

Then lo and behold, there is a problem.

I don't know if there is anything fundamental going on @ DELL.
But one quarter of a billion dollars, That is a lot of stock to sell if every thing is going good IMO.

Jim



To: Frank Ellis Morris who wrote (69306)10/6/1998 9:40:00 AM
From: Fangorn  Read Replies (2) | Respond to of 176387
 
Frank,

From page 20 of the "Notice of Annual Meeting of Stockholders and Proxy Statement...

"In fiscal 1998, Mr. Dell also recieved stock option grants of 3,200,000 shares, each with an exercise price set at the fair market value of the Common Stock on the date of grant. The awards were based on comparative long-term incentive awards made to other chief executive officers in the peer group of high-tech companies."

With the split that makes 6,400,000 options he recieved in the last fiscal year. I wouldn't be a bit worried about Michael selling some shares. He still has very, very many. This last sale was ~1% of his stake and was small in comparison to the options he recieved in the last year.