Dell to offer 4 million new shares: stock's price drops; other factors cited
Article Abstract:
Dell Computer Corp has announced it will offer for sale to the public about four million new shares of common stock in early Dec 1992. After the announcement the company's shares finished at $36.125, down $1.50. While company stock usually drops with the announcement of the issuance of more shares, analysts feel that in this case other factors have caused the decline. These include the feeling that Dell's sales growth may start to slow and that profit margins will be tighter. The stock sale will increase Dell's common shares outstanding to approximately 42.5 million, or over 10 percent, compared to 38.46 million at the end of the second quarter on Aug 2, 1992.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Compaq posts a $49.4 million profit
Article Abstract:
Compaq reports 3rd qtr profits of $49.4 million or 61 cents a share, indicating a reversal of the company's financial status compared with a year ago. Compaq's revenues grew by 50.5 percent to $1.07 billion from $709.4 million in 3rd qtr 1991. The financial report was a confirmation that Compaq CEO Eckhard Pfeiffer's first 12 months had been fruitful. The profits contrast with the company's $70 million loss in 3rd qtr 1991. Compaq has also been shipping more computers than ever before, including more than 200,000 units in September alone. The company also announces new price cuts.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Comment about this article or add new information about this topic:
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