Dell Computer Corporation (DELL) Message Board

There is something all our long friends and short friends need to keep in mind. The last two times a short squeeze started to form, management killed it with badly timed press releases. The first time, they fired their CEO, the second time they reported the Phoenix project would not be completed on time. It's like they intentionally killed the short squeeze, but I'm not sure why they would do that.
If this pattern holds true ( which it may not ), we should hear some bad news pretty soon.

Looking at today's action, somebody thinks there will be a pleasant surprise tomorrow.

I received my 1099 from Scottrade around late February, and filled out my income tax last month. Then a week ago, I received a paper from Scottrade telling me the 1099 they sent me was wrong. This is AFTER I did my income tax. What did I do wrong in this matter?

That may be. But the last 2 short squeezes were cut short by press releases perfectly timed to dampen the squeeze.

Something strange is going on with January's dividend. I reveived a corrected 1099 from Scottrade in which NYMT reclassified the divi as 2012 income, not 2013. Does anyone know what this is about?

Excellent report, jerk-0ff .

Wonderful article, #$%$-head.

There will be a conference call tomorrow. MHI and MAV are down. Somebody know something.

Yes it's bare bones. But I tend to use it to separate good companies from the bad. Take a look at Apple's net tan. A little difference there.

The net tangible assets are negative. The assets are less than the debt and other liabilities. Yes, that's right. The company is worth less than zero.

"The products could be manufactured in China"? I have an idea. Why doesn't he manufacture his new company's products here in the U.S., pay decent middle-class wages and benefits, rather than paying slave wages in China?

I don’t think either group offering a counter bid can come up with the $24.4 billion Dell and his group is offering. Icahn will only buy 58% of the shares. Why? Because he can’t come up with $24.4 billion. The Blackstone group is offering to sell part of the company to finance their offer. Why? Because they can’t come up with $24.4 billion either.

I mean really. Can I buy Exxon by offering to sell some of Exxon’s assets after I own the company? Of course not. I have to own the company before I can sell any of it. There is no way the board will consider that Blackstone beat Dell’s bid if Blackstone has to sell part of the company to finance the offer.

Fantastic post, #$%$wipe.

Great balance sheet? Their tangible book value is negative.

They don't have to do anything. Blackstone's deal requires they sell a portion of the company ( that they don't own yet ) to finance their deal. That's because they can't come up with more than $24.4 B. Icahn will pay $15 per share, but only for 58% of the float according to reports. That's because .... ( you guessed it ) .... he can't come up with $24.4 either. Neither of these bids can beat the original offer. So the board can just ignore them.

Icahn has a cap on the money he can spend, and Blackstone needs to sell part of the company ( that they don't own yet ) to finance their angle. It seems that nobody can come up with more than 24.4 billion to beat the current offer. Yes, the stock will open higher tomorrow. But when investors realize that all these clever angles don't equal a real offer, the price will drop rapidly. This looks like a good option play.

No. Mike's shares don't count one way or another.

Cast your gaze up and to the right. They closed at 14.14 on Friday.

Because Icahn's deal is less than the $24,400,000,000 currently offered. Nobody can beat that, so all these guys are trying to come up with an angle to allow them to control the company for less that 24.4 billion.
Remember, there will be lots of angles, but no real offers.

You are probably right. But when people realize that none of the bids top the $24,400,000,000 offer currently on the table, the price will drop. Remember, nobody can beat 24.4 billion. So all these guys are trying to come up with an angle that would allow them to control DELL for less than 24.4B. The board of directors aren't interested in any angle; they are interested in offers above 24.4B.

It will take some time for people to realize the difference between an offer and an angle. There will be no offers, but there will be several angles.