Dell 2004 Annual Report Download - page 19

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Table of Contents
China. Dell also leases approximately 795,000 square feet of office space in Bangalore and Hyderabad, India.
Dell has established technical and customer support and related operations in India, Panama, Slovakia, Morocco, China, as well as design
centers in Brazil, Singapore, China, and Taiwan. Facilities are currently under design or construction in Edmonton, Canada, Mohali, India and
San Salvador, El Salvador which will be leased by Dell for technical and customer support operations in early fiscal year 2006.
ITEM 3 — LEGAL PROCEEDINGS
Dell is subject to various legal proceedings and claims arising in the ordinary course of business. Dell's management does not expect that the results in any of
these legal proceedings will have a material adverse effect on Dell's financial condition, results of operations, or cash flows.
ITEM 4 — SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matter was submitted to a vote of Dell's stockholders, through the solicitation of proxies or otherwise, during the fourth quarter of fiscal 2005.
PART II
ITEM 5 — MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Dell's common stock is listed on The Nasdaq National Market under the symbol DELL. Information regarding the market prices of Dell's common stock may
be found in Note 11 of Notes to Consolidated Financial Statements included in "Item 8 — Financial Statements and Supplementary Data."
Holders
As of February 25, 2005, there were 34,625 holders of record of Dell's common stock.
Dividends
Dell has never declared or paid any cash dividends on shares of its common stock and currently does not anticipate paying any cash dividends in the
immediate future. Any future determination to pay cash dividends will be at the discretion of Dell's Board of Directors.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Dell has a share repurchase program that authorizes the company to purchase shares of common stock in order to both distribute cash to stockholders and
manage dilution resulting from shares issued under Dell's equity compensation plans. However, Dell does not currently have a policy that requires the
repurchase of common stock in conjunction with share-based payment arrangements. As of January 28, 2005, Dell's share repurchase program authorized the
purchase of up to 1.25 billion shares of common stock at an aggregate cost not to exceed $20 billion. Subsequent to fiscal 2005, on March 3, 2005, the Board
of Directors of Dell approved an amendment to the plan to increase the number of authorized shares available for repurchase by 250 million to 1.5 billion, and
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