RECENT SECURITY ISSUES BY DELL INC, AND A COMPREHENSIVE ASSESSMENT OF THE FINANCIAL CONDITION OF THE COMPANY
This research deals with the most recent financial securities issued by Dell Inc · before 2002 known as Dell Computer Company (Hoover's Online, 2003b). The research also provides a comprehensive assessment of the company's financial position.
Most Recent Financial Securities Issued by Dell Inc
The most recent issues of debt securities by Dell Inc occurred in April 1998. At that time, the company issued the following (Dell Inc, 2003a):
$200 million fixed-rate (6.55 percent) senior notes due on 15 April 2003
$300 million fixed-rate (7.10 percent) senior debentures due on 15 April 2008
Both the senior notes and the senior debentures remained as a part of the company's capital structure as of 15 September 2003 (Dell Inc, 2003b). In addition to the long-term debt represented by the senior notes and the senior debentures, the company, the company issued $334 million in common equity shares in 2003 through 15 September in connection with employee compensation plans. During this same period, the company repurchases $1 billion common equity shares under an ongoing share repurchase program (Dell Inc, 2003b).
Comprehensive Financial Assessment of Dell Inc
The financial performance and position of Dell Inc is dependent in part on several factors. Important factors identified by company management within this context are as follows (Dell Inc, 2003b):
General level of economic activity and conditions within the computer industry: Dell Inc management warns that these factors may lead to a deteriorations in revenues and profits over the 12 month period beginning 16 September 2003
Armed hostilities, terrorism, and public health: Dell Inc management cautions of the potential for negative impacts related to these factors
Competition: While indicating that the company cannot assure that its business plan wil...