Michael Dell Loads Up On Stock (DELL)

Posted: July 1, 2008 at 3:20 pm

As you will see below from a Form 4 filing with the SEC, Mich Dell bought some 4.5 million shares of Dell Inc. (NASDAQ: DELL) over the last 3 trading days at levels from $21.89 to $22.39.  This comes up to right at $100 million in net purchases.  Below are the transactions:

SECURITY               DATE      SHARES       PRICE
Common Stock     06/27/2008  2,230,000     $22.3933      
Common Stock     06/30/2008  100,000        $21.94      
Common Stock     07/01/2008  2,173,600     $21.8902    

This takes his direct ownership to some 220,664,682 shares.  4.5 million shares may not seem like much on the surface in comparison, but a $100 million purchase is hard not to notice.   

Shares closed up 1.3% at $22.18 today, but shares are up even more up at $22.65 in after-hours trading.

Jon C. Ogg
July 1, 2008

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