If you’re watching the financial markets today, Dell is all over the financial news with their quarterly earnings disappointment. The company reported a 9% growth in revenue to $15.64B but their earnings fell slightly short. The company posted $0.34 per share in the previous quarter, up from the same quarter last year of $0.27 per share. But the street was expecting $0.35 per share on less revenue.

The stock had run up 9% during the week after positive news from competitors Hewlett-Packard/Compaq and Apple’s announcements last month. But the stock gave back 13% today, ending at $24.54 on 5x it’s normal trading volume.

Dell is continuing it’s share repurchasing program. What else are you going to do with $11B in cash in the bank and a stock that is historically cheap? The stock traded as high as $56 back in early 2000. The stock that was famous for splitting again and again made it’s last 2:1 split on March 5, 1999.

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