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Enroll online and purchase your initial shares through an automatic bank account draft. Once you have completed the online enrollment process, you will be able to access your account the next business day. This information is not an offer to sell or a solicitation of an offer to buy these securities. Before making any investment, you are advised to read the prospectus and any prospectus supplement and the information incorporated therein. A complete listing of all Duke Energy Corporation Long-Term Debt and Preferred Securities is located in the Annual Report and Statistical Supplement.
Investors were apparently relieved that Dell's long-awaited restatement of four years of financial reports resulted in a modest hit to earnings. The company said late Tuesday that it would reduce its earnings a total of $92 million over a 17-quarter period beginning in early 2002. It had reported net income of more than $12 billion over that period.
The reduction amounts to 3 cents per share from the $4.78 per share it had previously reported. Investigations by the Securities and Exchange Commission and the U.S. attorney for the Southern District in New York continue, however. Analyst Daniel Renouard said in a note to clients Wednesday that Dell\'s legal and SEC problems "are likely to persist for quite some time, particularly given the nature of the fraudulent activity," which included shifting revenue and expenses to meet quarterly earnings targets.
Renouard works for Robert W. Baird & Co., which says Dell shares are fully valued at their current price.
Shares in the Round Rock-based computer maker closed Friday at $27.05. Monday, Goldman Sachs analyst Laura Conigliaro raised her 12-month target price on Dell to $35 from $33, citing the computer maker\'s new retail sales at outlets such as Wal-Mart and Staples and an anticipated repurchase of shares. In its earnings restatement announcement, Dell said it will restart its stock buyback program after it reports its fiscal third-quarter earnings Nov. 29. Investors look favorably on repurchasing shares because it reduces the number of shares outstanding in the company and tends to increase the value of the remaining shares. Dell also will reopen its employee stock purchase program "as soon as administratively possible," a spokesman said.
No one is more shocked that he approaches Friday's game against Texas with an underwhelming 31-28 record than I am. Fran's hiring got as big an endorsement in this space as he did anywhere after the success stories he had everywhere from San Marcos to Fort Worth to Tuscaloosa. He didn't wake up dumb in 2003, and he's not dumb now.
But in sifting through the ashes of a stormy tenure in which 20 of his 28 defeats have come by double-digit margins, the belief is that Fran flopped for four main reasons.
Too conservative an offense.
Too slow a defense.
Too suspect a staff.
Too aloof a personality.
All will get him fired this week and leave his coaching legacy in disrepair. We've heard every rumor about his departure, and his supposed interest in the Southern Methodist job and a possible vacancy at Ole Miss.
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