Dell 2008 Annual Report Download - page 21
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Table of Contents
PART II
ITEM 5 — MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER
PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock is listed on The NASDAQ Stock Market under the symbol DELL. Information regarding the market prices of our common stock
may be found in Note 13 of Notes to Consolidated Financial Statements included in "Part II — Item 8 — Financial Statements and Supplementary
Data."
Holders
At March 13, 2009, there were 29,542 holders of record of Dell common stock.
Dividends
We have never declared or paid any cash dividends on shares of our common stock and currently do not anticipate paying any cash dividends in the
immediate future. Any future determination to pay cash dividends will be at the discretion of our Board of Directors.
Redeemable Common Stock
In prior periods, we inadvertently failed to register with the SEC the issuance of some shares under certain employee benefit plans. These shares
were purchased by participants between March 31, 2006, and April 3, 2007. As a result, certain purchasers of securities pursuant to those plans may
have had the right to rescind their purchases for an amount equal to the purchase price paid for the securities, plus interest from the date of purchase.
On June 5, 2008, we announced a registered rescission offer to eligible plan participants, which became effective as of August 12, 2008 and
provided for the repurchase of up to 1,852,486 units in the Dell Inc. Stock Fund through the Dell Inc. 401(k) Plan. At February 1, 2008, and
February 2, 2007, approximately 4 million shares ($94 million) and 5 million shares ($111 million), respectively, were classified outside of
stockholders' equity because the redemption features were not within our control. Prior to the effective date of the rescission offer, as participants
sold shares in the open market, the shares held outside of stockholder's equity were reclassified to common stock and capital in excess of $0.01 par
value, accordingly. These shares were treated as outstanding for financial reporting purposes. The registered rescission offer expired on
September 26, 2008, and payments of $29 million under the offer have been substantially completed during Fiscal 2009. Upon expiration of the
rescission offer, all remaining redeemable shares were reclassified to within stockholder's equity.
17