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

To: Michael Bakunin who wrote (110692)	3/22/1999 2:18:00 PM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 176387

According to that same Form 10-K, in the Notes to the Financial Statements, which are subject to Auditor review and comment: "Marketable Securities -- The Company's marketable securities are classified as available-for-sale and are reported at fair value. Unrealized gains and losses are reported, net of taxes, as a component of stockholders' equity. Unrealized losses are charged against income when a decline in fair value is determined to be other than temporary. The specific identification method is used to determine the cost of securities sold. Gains and losses on marketable securities are included in financing and other when realized. The Company accounts for highly liquid investments with maturities of three months or less at date of acquisition as marketable securities and reflects the related cash flows as investing cash flows. As a result, a significant portion of its gross marketable securities purchases and maturities disclosed as investing cash flows is related to highly liquid investments." The bolded text is what I referred to in my earlier post and that is the only conponet in earnings. So your conclusion is incorrect, IHMO. The auditors would be all over this for materially if Dell had not reported it correctly and disclosed what you had calculated as a significant sources of income. It would also show up as a source of cash in financing activities in the Statement of Changes in Financial Position. Dell did not realize such a gain, as I read it. A former CFO, (-8 Dennis 8-)