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

To: Kenneth Aird who wrote (108793)	3/10/1999 11:33:00 AM
From: Tim Luke	Read Replies (2) \| Respond to of 176387

insider selling in dell is such a non event....what the hell is wrong with taking some off the table when you A. own so much stock and B. you are sitting on such huge profits

To: Kenneth Aird who wrote (108793)	3/10/1999 11:59:00 AM
From: Mark Peterson CPA	Respond to of 176387

As of December 31, 1998, Michael Dell had 832,000 options on stock that were exercisable and 6,048,000 that were unexercisable. Had these options been exercised at 12/31/98, he would have realized $36,214,480. The value of his unexercisable options was $200,467,870, priced at the December 31 stock price.... So, it appears this sale wasn't of options that were ready to expire, but actual sales of his Dell ownership interest. IMO, I don't think it's a big deal. After all, what do you do with all that stock? Seems silly to sit and hold it without periodically peeling off a few million shares from time to time. You've got to understand, at 4M shares per quarter (and that's a pretty aggressive run rate), it would take him over 14 years to entirely liquidate his holdings. Don't think that's going to occur. I think the guy wants to buy Mohan a car.... Best regards, Mark A. Peterson