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

To: divvie who wrote (75040)	10/27/1998 8:37:00 PM
From: TechMkt	Respond to of 176387

These guys are a class act. Fez __________________________________________________ DELL EXECUTIVES SPEARHEAD SUPPORT FOR AUSTIN MUSEUM OF ART ROUND ROCK, Texas, Oct. 27, 1998 -- Dell Computer Corporation (Nasdaq:DELL) announced today that five of its senior executives have pledged more than $13 million toward construction of a new downtown home for the Austin Museum of Art (AMOA). This collective commitment is estimated to be the single largest private gift ever pledged to a public cultural facility in the city. The five Dell executives and their spouses represent an initial group of major lead donors in the capital campaign that AMOA plans to officially launch later this year. The five executives and their spouses are Michael and Susan Dell, Mort and Angela Topfer, Kevin and Debbie Rollins, Tom and Deborah Green, and Tom and Lynn Meredith. "This gift represents a crucial step in building a world-class museum for Austin - one to be enjoyed by all of our diverse communities," said Elizabeth Ferrer, Director of AMOA. "AMOA's mission is to educate, inspire and challenge our audience about visual arts and their creative, intellectual and culturally diverse aspects. The gifts of these Dell leaders and their spouses go a long way to help AMOA achieve that mission as we move forward into our new downtown permanent home." "We are committed to supporting the cultural vitality of this region and to helping make this important, long-awaited project come to life," said Tom Green, senior vice president of law and administration. "Thanks to the success of Dell, we can help build this community as we build our company." Austin's quality of life and rich cultural environment are important to Dell. "Our employees have told us that cultural activities are one of their top areas of interest," said Mort Topfer, vice chairman. "Austin's quality of life is an important employee benefit for Dell as we recruit employees from all over the country and the world." The Dell executive gift will slightly exceed the public funds approved by Austin voters for construction of a permanent art museum in a 1984 bond election. Voter approved bond proceeds of $11.4 million have been maintained by the city since 1984, awaiting a final architectural plan and private funding. While this pledge significantly advances the museum's private fundraising efforts, Dell executives acknowledge that much work remains to be done before Austin can fully realize its vision of a world-class art museum and world-class city. "With a permanent downtown home for AMOA now within sight, it is worth remembering that this project began with the voters of Austin, who shared a vision of a world-class art museum, understood its importance to our community and approved the bonds needed to make it a priority," said Michael Dell, chairman and CEO. "Next week's bond election gives us another, rare opportunity to reinvest in important cultural assets that benefit us all, including the Mexican-American Cultural Center, the Carver Museum and the Palmer Performing Arts Center." "Successful public and private partnerships, like those being created by AMOA, must begin with a public commitment," said Mayor Kirk Watson. "The City of Austin has made that commitment and this wonderful private contribution will ultimately assure a wonderful AMOA."