Via Bloomberg:
Dell Inc. founder Michael Dell bought $100 million of shares last week after the personal-computer maker’s stock plunged following disappointing earnings.
Dell, the chairman and chief executive officer of the Round Rock, Texas-based company, bought about $71.5 million of shares on Sept. 4, and $28.5 million on Sept. 5, according to a regulatory filing yesterday. As of July 1, Dell had a 12.8 percent stake, making him the biggest shareholder.
Profit last quarter missed analysts’ estimates as the world’s second-largest PC maker said the U.S. slump in technology spending had spread abroad. The company has cut prices and increased sales through retail outlets to boost revenue and take market share from leader Hewlett-Packard Co.
After researching Dell over the weekend, I now own some Dell stock. Dell closed at $19.30 today.
Also, you should check out Dell’s new Inspiron Mini. It’s Dell’s first entry into the “netbook” category of products. Though I love looking at gadgets and electronics, I never purchase them. I don’t own an mp3 player and I don’t have a fancy cell phone. Anyways, if I had some disposable income, I would probably seriously consider purchasing a Dell Mini.
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