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CORRECTED-Dell to buy back at least $1 billion of stock

Thu Apr 3, 2008 11:34am EDT

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(Corrects third paragraph to say Dell repurchased $4 billion of stock in fourth quarter, not $400 million.)

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ROUND ROCK, Texas, April 3 (Reuters) - Dell Inc (DELL.O) expects to repurchase at least $1 billion of company stock in the current quarter and will tap capital markets for debt financing, Chief Financial Officer Donald Carty said on Thursday.

"Historically, we have not taken on much leverage," Carty told analysts at a meeting with analysts at company headquarters in Round Rock, Texas. "We do expect to access capital markets to increase our leverage."

Carty said Dell had bought back $4 billion of its stock in its fiscal fourth quarter ended Feb. 1. (Reporting by Philipp Gollner, editing by Gerald E. McCormick)

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