Exhibit 1

Dell's annual worldwide sales dollar growth vs industry

Della Industry 1991 63% -2% 1992 126% 7% 1993 43% 15% 1994 21% 37% 1995 52% 31% Source: Dell Computer Corporation Fiscal 1996 Annual report a Dell's fiscal year closest in alignment to calender year stated Calender year

Exhibit 2

Working Capital Financial Ratios for Dell

DSIa DSOb DPOc CCCd Q193 40 54 46 48 Q293 44 51 55 40 Q393 47 52 51 48 Q493 55 54 53 56 Q194 55 58 56 57 Q294 41 53 43 51 Q394 33 53 45 41 Q494 33 50 42 41 Q195 32 53 45 40 Q295 35 49 44 40 Q395 35 50 46 39 Q495 32 47 44 35 Q196 34 47 42 39 Q296 36 50 43 43 Q396 37 49 43 43 Q496 31 42 33 40 Source: Dell Computer Corporation fiscal 1993-1996 annual and quarterly reports a DSI (Days sales of Inventory) = Net Inventory / (Quarterly COGS / 90) b DSO (Days sales outstanding) = Net Accounts Receivables / (Quarterly Sales / 90) c DPO (Days Payables Outstanding) = Accounts Payables / (Quarterly COGS / 90) d CCC (Cash Conversion Cycle) = DSI + DSO - DPO

Exhibit 3

Percent of Dell Computer Systems Sales by Microprocessor FY96 0% 25% 75%

FY94 FY95 386 models 7% 0% 486 models 92% 71% Pentium models 1% 29% Source: Dell Computer Corporation Fiscal 1994-96 Annual Reports

Exhibit 4 Fiscal year

Income Statement for Dell Computer Corporation (millions of dollars) 1996 1995 1994 1993 1992

Sales $5,296 $3,475 Cost of Sales 4,229 2,737 Gross Margin 1,067 738 Operating Expenses 690 489 Operating Income 377 249 Financing & Other income 6 (36) Income Taxes 111 64 Net Profit 272 149 Source: Dell Computer Corporation Fiscal 1996 Annual Report

$2,873 2,440 433 472 (39) (3) (36)

$2,014 1,565 449 310 139 4 41 102

$890 608 282 215 67 7 23 51

Exhibit 5

Balance Sheet for Dell Computer Corporation (millions of dollars) Year Ended January 28, January 29, 1996 1995

January 30, 1994 3 334 411 220 80 1,048 87 5 1,140

Current Assets: Cash Short Term Investments Accounts Receivables, net Inventories Other Total Current Assets P P & E, net Other Total Assets Current Liabilities: Accounts Payable Accrued and other Liabilities Total Current Liabilities Long Term Debt Other Liabilities Total Liabilities Shareholders' Equity: Preferred Stock (Note a) Common Stock (Note a) Retained Earnings Other Total Stockholders' Equity

55 591 726 429 156 1,957 179 12 2,148

43 484 538 293 112 1,470 117 7 1,594

466 473 939 113 123 1,175

403 349 752 113 77 942

NA NA 538 100 31 669

6 120 NA 430 242 NA 570 311 NA -33 -21 NA 973 652 471 2,148 1,594 1,140 Source: Dell Computer Corporation Fiscal 1994-96 Annual Reports a 1,190,000 shares of preferred stock coverted to common stock in fiscal year 1996.

DSO 1994 1995 1996

DPO 52.22 NA 56.51 50.04

DIO 42.33 32.12

Cash Conversion 32.91 #VALUE! 39.07 53.25 37.03 54.95

1,821 1,492

63 124

46

188 259

680