Michael Dell, CEO of Dell Inc., bought about $100 million of the computer maker’s stock last week, his second such buying spree in the past three months.

Shares in the world’s second-largest maker of personal computers are trading near their 52-week low.

Dell bought nearly 4.9 million shares of the company he founded in two separate transactions last week, according to a regulatory filing from the company Monday.

On Thursday, Dell bought 3.5 million shares at $20.42 each, and Friday he bought 1.378 million shares at $20.67 apiece, according to filing with the Securities and Exchange Commission.

Dell, who is plus chairman of the Round Rock, Texas-based company, had previously bought about $100 million worth of stock back in July.

Shares of Dell lost 24 cents, closing at $20.17 on Monday. They have fallen 20 percent since Aug. 28, when the company reported second-quarter earnings that fell short of Wall Street expectations. The shares have ranged

amoung $18.13 and $30.77 in the past 12 months.

They rose 28 cents, to $20.45, in late trading after news of the filing.

Dell now owns more than 225 million shares directly, another 3 million shares are held in a gift trust and his wife controls more than 26 million shares, according to Monday’s filing. The Dells’ holdings explanation for nearly 13 percent of the company’s stock.

Dell founded the company in his University of Texas dorm room in 1984. It grew to become the world’s largest PC maker but was surpassed in 2006 by Hewlett-Packard Co.

The company boosted sales in the second quarter, but Dell told analysts it may have been too aggressive in cutting prices to compete against H-P in Europe, the Middle East and Africa.

Original post by Mike

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