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Dell's Safety Net Has Holes



Dell said Tuesday morning that it would start buying back a gargantuan $10 billion worth of its stock. To no avail. Its price dropped to below where it was in January before Michael Dell returned as CEO, recouping only a little since then. Dell has $15 billion in the bank and generates a billion dollars a quarter. Meanwhile, the WPP Group, the world's second-largest, advertising and pr agency, is going to set up an agency just for Dell and Dell is going to shovel $4.5 billion through it over the next three years.


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