Dell Inc founder Michael Dell bought US$100 million of shares last week after the stock plunged following disappointing earnings.
Dell, the chairman and chief executive officer of the Texas-based company, paid US$20.42 a share for 3.5 million shares last Thursday, and US$20.67 for 1.378 million on Friday, according to a filing on Monday with the United States' Securities and Exchange Commission.
Profit last quarter missed analysts' estimates as the world's second-largest personal-computer maker said the US slump in technology spending was expanding abroad.
The company has sought to boost revenue by cutting prices and selling machines through 13,000 retail stores in 24 countries. Dell rose 2.4 percent to the equivalent of US$20.65 at 11:12am yesterday in German trading.
