Dell's CEO goes Long on Dell

Michael Dell keeps buying up his company's shares and thanks to his recent $150 million purchase he now commands 12% ownership in the company he started.

DELL shares are trading at $14.84, up 2.27% or 33 cents today. Dell Inc (DELL) shares have traded between $11.34 and $17.52 over the past 12 months.

(thereformedbroker.com) Michael Dell’s Very Big Stock Purchase
These are the types of insults heard by Michael Dell and his employees every day.  There were similar insults hurled at Apple less than 10 years ago when it looked as though there would never be a non-PC computer sold ever again.  Michael Dell himself was quoted as saying that Apple should just return cash to the shareholders and close up shop in 1997.

Then it became the most valuable technology company in the world.

Dell's challenges and potential advantages today are different from what Steve Jobs and Apple faced in 2001 but the similarities in their critics' fatalistic remarks cannot be ignored.

Also, Michael Dell is buying stock.

Insider Trade Reports has the details...
1. Dell Inc. (DELL): $14.51
Chairman and CEO Michael S. Dell acquired 10.437 million shares of Dell, paying $14.37 per share for a total amount of $150.02 million. Mr. Dell increased his stake by 4.48% to 243.35 million shares with this purchase. This follows a $100 million purchase by him in mid-December. Two other directors also purchased shares over the last six months. Continue>>

SOURCE: http://www.thereformedbroker.com/2011/03/20/michael-dells-very-big-stock-purchase/#