Sun, May 19, 2013, 12:31 AM EDT - U.S. Markets closed
When Dell is sitting on $10 billion cash that earns nothing.This is like not paying off 20% APR credit cards when you have loads of cash sitting in 0.1% APY savings accounts.
You should be the CFO at Dell and get the true GAAP earnings growing 50% again instead of the fuzzy math pro-forma earnings.
How about keeping their cash ready for things like stock buybacks or acquisitions?
Dell did not buy back 1 single share when Dell shares traded below $10 in 2009 after Dell spent $10 billion buying back shares above $40.