Initial Public Offering of 3,500,000 Shares of Dell Computer Common Stock at $8.50 per Share

New York -- June 22, 1988 -- PRNewswire -- Dell Computer Corporation today announced the initial public offering of 3,500,000 shares of common stock priced at $8.50 per share. All of the shares are being sold by the company. Underwriters have been granted an option to purchase up to 525,000 shares to cover over-allotments. Goldman, Sachs & Co. and Robertson, Colman & Stephens are co-managing the offering.

Dell Computer Corporation, headquartered in Austin, Texas, designs, develops, manufactures, markets, services and supports high performance personal computers compatible with industry standards established by IBM.

/CONTACT: Brian K. Fawkes of Dell Computer Corporation, 512-338-4400/