July 2nd, 2008
Michael Dell's a believer: Makes a $100 million statement
Dell CEO Michael Dell has acquired about a $100 million worth of Dell shares in the last three days. Guess Mr. Dell is a believer that the company is on the right track.
On June 27, Dell picked up 2.23 million shares at $22.93. On June 30, he picked up 100,000 at $21.94. And on July 1, he added 2,173,600 shares at $21.89. Not to shabby. Do the math and that equates to a little more than $100 million worth of Dell stock in three days.
Here’s the rundown from the SEC filing:
Dell owns more 220.6 million shares of the company.
Also see: Dell’s product lust: Are we there yet?
- Michael Dell’s 2008 compensation almost halved, but security tab remains
- Dell delivers: Is a turnaround in sight?
- All Dell resources.
Larry Dignan is Editor in Chief of ZDNet and Smart Planet as well as Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
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