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 Editorial Director of ZDNet sister site TechRepublic. See his full profile and disclosure of his industry affiliations.
