“The bad news for Dell isn’t over yet,” R.M. Schneiderman reports for Forbes. “On Monday the direct-sale computer giant announced it is delaying filing its second-quarter results because of an informal investigation into the company’s accounting by the U.S. Securities and Exchange Commission.”
Schneiderman reports, “The U.S. Justice Department and the audit committee of Dell’s board of directors also are looking into the matter. The Justice Department has subpoenaed documents relating to Dell’s financial reporting as far back as 2002. Dell shares fell more than 4% in early trading on Monday.”
Full article here.
Related MacDailyNews articles:
Is Dell doomed? – August 24, 2006
Windows portion of PC industry has serious issues while Apple’s Mac thrives – August 24, 2006
AP: Time to think different, Apple Mac beats Dell on price, software compatibility, and more – August 23, 2006
More blood on Apple iPod’s Click Wheel: Dell’s ‘DJ Ditty’ flash-based MP3 player is dead – August 22, 2006
Survey shows big jump in consumer interest in buying Apple Mac; Dell takes steep slide – July 06, 2006
Apple passes Dell in market value – May 02, 2006
Dude, you got a Dell? What are you, stupid? Only Apple Macs run both Mac OS X and Windows! – April 05, 2006
More blood on Apple iPod’s Click Wheel: Dell dumps ‘DJ’ hard-drive MP3 player line – February 04, 2006
Apple Mac is #1 in European education market, pushes Dell down into second place – February 03, 2006
Before we cast stones, just look at our own house.
Apple’s own stock mess is still looming.
Having said that, Dell’s in deep sh*t.
enjoi
Dell Hell indeed.
That probe has caused Dell to delay its financial reporting and raised the possibility of needing to restate previous quarters’ earnings.
There they go, copying Apple again…
Dude, you’re gettin’ a subpoena!
dude, you’re getting a subpoena
Of all the companies in the world this could happen to, it’s the fact that it’s this one that really makes me smile
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heh. Betcha Apple instigated all this by pretending they were looking at their own internals .. just to sic the SEC on Dell and others. ahahaha
In other news, the price of eggs has just gone up 1 renminbi.
Burn Baby Burn
Michael Dell should just sell the company and give the money back to the cell-mates….errrrr….shareholders
N’Yuk N’Yuk
Buy a Dell and go to Hell
Oh my god, they’re going to get delisted!
How to turn a lemon into lemonade.
SEC: We need those financial records.
Dell: Um, they blew up.
SEC: And the back up files?
Dell: Yeah, well, they blew up, too.
SEC: So, you have no financial records at all?
Dell: Yeah, just our luck, huh?
bwah ha ha
Darn Michael…
Is it time to “sell the company and return the money to stock-holders” yet??
Mwuhahahahahaha!!!