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Dell's capital cost will be lower in part because they aggressively paid down the debt from going private a few years ago. That has to be one of the most valuable reputations in the world -- probably saved over a billion dollars on this deal, just from having good credit. Yow!

Yes, its incredible how hard-won that trust is, and how much the market will reward you for it. Basically, investors are saying that they consider Dell to be a safe bet and are willing to charge less for it so that Dell may succeed and give them a great ROI for years to come




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