Feeds

Michael Dell nets $232m in share sale

Only 1.5 per cent of his holding in company

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Michael Dell and his directors were offloading shares by the truckload last month. The founder and chairman of Dell Computer sold a total of 5.7 million shares in November, Bloomberg reported. The 34-year-old sold 2.1 million shares on 17 November at $40.66 each, 1.9 million on 18 November at $40.20, and 1.7 million on 24 November at $41.25 each. This raised a total of $231.8 million, and added to Michael Dell’s other share sales earlier this year. In both March and June he sold eight million, and a further four million shares in August and September. These combined figures only account for around 1.5 per cent of Michael Dell's total share in the company. He still controls around 14 per cent of the direct PC vendor's 2.55 billion outstanding shares. But other Dell executives were also selling shares last month. Vice chairman Morton Topfer and CFO Thomas Meredith, along with senior VPs John Schneider, Joseph Marengi and Micheal Lambert, all shifted shares in November. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.