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

To: Chuzzlewit who wrote (85731)	12/16/1998 4:55:00 PM
From: Jacktoad	Read Replies (1) \| Respond to of 176387

OT: CNN currently showing anti-aircraft fire over Baghdad. <EOM>

To: Chuzzlewit who wrote (85731)	12/16/1998 6:20:00 PM
From: rudedog	Read Replies (2) \| Respond to of 176387

chuz - as you know I'm no accountant, but CPQ had about $7B in cash prior to the DEC acquisition, they acquired $2B in cash in addition to the $1.6B in tax carry forward. So even after paying the cash out for DEC, they should have $4.4B. Maybe there is something I am missing but I assume cash is cash. It looks to me like they are sitting on a lot more than will be needed to cover the merger costs. Also by my calculation, CPQ will have over $1B in taxable income in 4Q, don't they get to use the tax carry forward to keep the $300M or so they would otherwise give to Uncle Sam? In fact doesn't the whole $1B go into this same cash bucket? Since 1996 CPQ has seemed to me to be awash in cash, I was actually concerned that they were building up such a big war chest. I just can't see the pinch you and Jim are talking about. What am I missing?