Comments on: Dell’s goodwill between brothers… http://www.footnoted.org/urge-to-merge/dells-goodwill-between-brothers/ Michelle Leder's guide to what's hiding in SEC filings Wed, 19 Nov 2008 22:47:35 +0000 http://wordpress.org/?v=2.6.3 By: Michelle Leder http://www.footnoted.org/urge-to-merge/dells-goodwill-between-brothers/#comment-5604 Michelle Leder Fri, 06 Jun 2008 12:04:37 +0000 http://www.footnoted.org/?p=1911#comment-5604 Thanks, Rob, for providing that perspective. As I say regularly, reading filings is more of an art than a science, so it's always good to have different perspectives, especially from the company, to further explain a footnote in the filing. In the nearly 5 years footnoted has been around, only a handful of companies have ever weighed in, even though their comments are always welcome. Thanks, Rob, for providing that perspective. As I say regularly, reading filings is more of an art than a science, so it’s always good to have different perspectives, especially from the company, to further explain a footnote in the filing. In the nearly 5 years footnoted has been around, only a handful of companies have ever weighed in, even though their comments are always welcome.

]]> By: Robert L. Williams http://www.footnoted.org/urge-to-merge/dells-goodwill-between-brothers/#comment-5600 Robert L. Williams Thu, 05 Jun 2008 20:14:38 +0000 http://www.footnoted.org/?p=1911#comment-5600 I saw your post and wanted to provide some perspective. As you know the accounting treatment for the amount paid above book value in conjunction with an acquisition is primarily classified as intangible assets including goodwill. Goodwill is typically attributed to items like: 1) intellectual property (e.g. trade secrets, organization and people), 2) brand equity and 3) expected future cash flows from the business. MessageOne, is an industry leader in Software-as-a-Service (SaaS) enabled e-mail continuity, compliance, archiving, and disaster recovery services and is another key piece in expanding Dell's services offerings. Over the last year we have actually completed 8 acquisitions -- they are a part of an overall strategy to fuel growth in five key areas: Consumer, Emerging Markets, Notebooks, Enterprise and Small Medium Business -- and they are done with our fundamental belief that each one will be accretive to earnings and cash flows over the long-term. For more detail regarding our acquisitions and strategy please review <a href="http://dellshares.dell.com/archive/tags/Acquisitions/default.aspx" rel="nofollow">this</a>. Regards, Robert L. Williams Director, Investor Relations Dell, Inc. I saw your post and wanted to provide some perspective. As you know the accounting treatment for the amount paid above book value in conjunction with an acquisition is primarily classified as intangible assets including goodwill. Goodwill is typically attributed to items like: 1) intellectual property (e.g. trade secrets, organization and people), 2) brand equity and 3) expected future cash flows from the business. MessageOne, is an industry leader in Software-as-a-Service (SaaS) enabled e-mail continuity, compliance, archiving, and disaster recovery services and is another key piece in expanding Dell’s services offerings. Over the last year we have actually completed 8 acquisitions — they are a part of an overall strategy to fuel growth in five key areas: Consumer, Emerging Markets, Notebooks, Enterprise and Small Medium Business — and they are done with our fundamental belief that each one will be accretive to earnings and cash flows over the long-term. For more detail regarding our acquisitions and strategy please review this.

Regards,

Robert L. Williams
Director, Investor Relations
Dell, Inc.

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