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

To: Knighty Tin who wrote (55274)	4/8/1999 6:19:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 132070

Mike: I think this is a big slap on those Dell bulls' faces: Michael Dell sold 8 mln Dell shares last month Thursday April 8, 5:55 pm Eastern Time biz.yahoo.com WASHINGTON, April 8 (Reuters) - Michael Dell sold 8 million common shares of Dell Computer Corp. (Nasdaq:DELL - news) for over $331 million last month, a tiny amount considering he still holds over 350 million shares, a regulatory filing said on Thursday. It was a routine transaction for Dell, who founded the Round Rock, Texas, personal computer maker in 1984 while attending the University of Texas, a spokeswoman for the company said. He unloaded the 8 million shares on March 4 for $41.413 per share but still holds more than 350 million shares, his filing with the Securities and Exchange Commission said. He sold half that amount in February. Dell, the chairman and chief executive, was among several Dell insiders who took advantage of a company trading window that is open for less than half of the year, spokeswoman Libba Letton said. On March 8 Chief Financial Officer Thomas Meredith sold 200,000 shares and Senior Vice President Thomas Green sold 192,000 shares, each making roughly $8.7 million, their SEC filings showed. Director Thomas Luce sold 18,400 shares on March 31 for over $760,000. ''All insiders at Dell are in a trading window so they can only trade for less than half of the year.'' When asked why they sold the stock she said: ''I can't speak for them personally because these are personal transactions but I imagine part of it is to diversify their portfolio.'' ''Anyone looking for any particular meaning in the fact that these people have sold shares is going to be disappointed. It's standard practice,'' she added. Dell closed off 1-7/16 to 45 Thursday on Nasdaq.