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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (47661)2/17/1999 4:22:00 PM
From: RealMuLan  Read Replies (1) | Respond to of 132070
 
<<But wasn't Dell selling 1 or 2 million shares a month? >>

Mike, you are right. Assuming that written version is right, then that analyst didn't know what he was talking about. I recalculated M. Dell's sale bet. Feb. 98 to Nov. 98, including only the shares already sold, disposed and given as gift. The total comes to 17,086,300 shares. That averaged about 1.7 million shares a month.

But what caught my attention from that guy's comment is that the insider sales tells more about the next 1-2 quarter's earning. That means this is just a beginning, and the fun is yet to come.

Best.



To: Knighty Tin who wrote (47661)2/17/1999 4:34:00 PM
From: Cynic 2005  Read Replies (2) | Respond to of 132070
 
Mike, somebody has to fill Joe G's shoes. -g-
insidertrader.com.

Between December 96 to end of January 99, Michael Dell's sales:
Number of shares sold (as filed) = 18,028,000
Split adjusted number of shares sold = 29,968,000 (I might have made a small mistake - but the total is about 29 million.
That is in about 25 months! Average number of shares sold by Dell:
1,179,842.52 PER MONTH!

Here is a copy of the worksheet I have done (not going to kill myself to format it. The second col is the no of shares sold, fourth col is the date on which he sold, and the last col is the split adjusted no of shares.)

DELL 648,000 S 1/7/99 76.6 -78.75 25,605,916 648,000
DELL 8,000,000 S 11/25/98 -0.006235828 63.63 -65.78 184,014,179 8,000,000
DELL 4,000,000 S 9/24/98 62 -65.69 192,621,104 4,000,000
DELL 2,100,000 S 8/21/98 117 -120.25 98,310,552 4200000
DELL 1,200,000 S 5/28/98 -0.001962323 86 -87.25 100,590,552 2400000
DELL 50,000 S 5/26/98 87 -87.13 13,226,958 100000
DELL 80,000 S 2/24/98 -0.000887311 128.63 -130.25 6,638,536 320000
DELL 775,000 S 2/23/98 -0.004081633 107 -128.5 51,362,241 3100000
DELL 257,500 S 12/1/97 85.38 -86.25 NA 1030000
DELL 20,000 S 12/1/97 86.5 6,718,536 80000
DELL 42,500 S 11/28/97 85 -85.38 52,405,380 170000
DELL 70,000 S 9/29/97 84.13 -100.63 6,738,536 280000
DELL 200,000 S 9/3/97 -0.046391753 84.13 -84.44 52,447,880 800000
DELL 100,000 S 8/25/97 85.5 -85.75 52,647,880 400000
DELL 160,000 S 5/23/97 105.75 -106.75 26,373,940 1280000
DELL 10,000 S 5/23/97 106.63 -106.75 3,404,268 80000
DELL 20,000 S 3/31/97 -0.006185567 68.75 -72.88 3,498,268 160000
DELL 225,000 S 3/3/97 72.63 -73 26,863,940 1800000
DELL 70,000 S 12/6/96 -0.0625 51.25 -55 3,518,080 1120000