Greedy company at best. They layoff people and cost ordinary people their wellbeing even when they are cashing out. Bunch of suits running the company with lack of conscious. I hope HP take them down.
https://www.cnbc.com/amp/2023/09/01/dells-stock-has-best-day-since-its-relisting-in-2018-on-earnings-beat.html
@ Post ID: @5ubz+1oZmOZ2U
Well if the numbers look good, thats really all that matters right?
@5ubz+1oZmOZ2
I just heard about that as well, it’s absolutely tragic and disturbing.
I heard somebody took their life today because of it. But the stock price went up.
That will have a turbo effect on DELL business which undoubtedly will accellerate ahead like Mustang EcoBoost as a result of the buyback
They are buying back their own stock,
$5
Eliminating
Employee payroll will fund it.
If the company invested some of the buyback funds in R&D and offered an employee stock plan like a technology company instead of acting like a holding company it would be a better workplace.
Which is nothing but a farce. Buy back attempts only inflate the stock price for a short time because they need profit margin and more shareholders. Eventually the shoe drops. How about make some real f*ing investments and be a little innovative. Oh and decimate your existing leadership.
Dell plans to enhance its financial strategies by increasing its existing share repurchase authorization by an additional $5 billion, supplementing the remaining authorization of the current $5 billion plan.
They are buying back their own stock,
$5
Eliminating
Employee payroll will fund it.
https://m.investing.com/news/stock-market-news/dell-increases-its-stock-buyback-plan-by-5-billion-432SI-3191363?ampMode=1