SEC starts formal probe of beleaguered Dell

“Dell Inc. said Wednesday that federal regulators had begun a formal investigation into the computer giant, which had been part of an informal inquiry since August,” Matt Slagle reports for The Associated Press.

“Dell also said it was postponing the release of its third quarter earnings report — scheduled for Thursday after markets close — until sometime later in the month,” Slagle reports.

“The company said the earnings report delay was unrelated to the widening Securities and Exchange Commission probe. A company spokesman told The Associated Press that the company did not know what the SEC was specifically investigating,” Slagle reports. “In a press release issued late Wednesday, Dell said the delay was due to the ‘level of complexity the company is facing in the preparation of its preliminary results.'”

“The third-quarter report will be posted as press release and won’t include the usual conference calls where analysts and reporters can ask questions of founder Michael Dell and Chief Executive Kevin Rollins,” Slagle reports. “Analysts, on average, had been looking for third-quarter earnings of 24 cents per share on sales of $14.44 billion, according to a poll by Thomson Financial. Dell has yet to file its second quarter earnings with federal regulators because it has been trying to resolve unspecified accounting issues with its internal audit committee.”

Full article here.
That’s right, we said “beleaguered.” What would we do to fix the beleaguered PC box assembler/former MP3 player-maker/owner of two whole retail stores with zero inventory? We’re so glad you asked! We’d shut it down and give the money back to the shareholders.

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  1. Hi Sucker,

    Being 16, surely you know of Google. I typed in “market cap” and found this at

    Calculating Market Cap
    Market capitalization is just a fancy name for a straightforward concept. Quite simply, it refers to the value of a company, that is, the market value of its outstanding shares. This figure is found by taking the stock price and multiplying it by the total number of shares outstanding. For example, if Cory’s Tequila Corporation (CTC) was trading at $20 per share and had 1 million shares outstanding, then the market capitalization would be $20 million ($20 x 1 million shares). It’s that simple.

    Hope this helps…

  2. I’m impressed with the quantity and quality of help offered to our 16 year old friend.

    My I make a suggestion to you, young feller? You should think about a handle/name change there Sucker. Unless, of course, you own a Dell. If you do own a Dell, then I think you chose the perfect name.

  3. If you want to get an idea of how beleaguered Dell is, hop over to TMO’s Apple Finance Board for the various threads concerning Dell. It is an eye opener to realize that Dell is a one trick pony who’s trick is old and all played out.

    And the corruption now being exposed for Dell is also exposing the massive corruption of the Wall Street firms and analysts who pimp for them. Just start reading the various threads at

    You will then get an understanding of why the analysts’ “research” is so suspect. They are largely a bunch of crooks bringing in the suckers by yelling “buy” to limit the losses of the Wall Street firms’ big institutional investors. The crooks are selling their big investors’ positions in Dell that they got them into in the first place at the expense of the small investor suckers.

    So when these bozos denigrate Apple, ignore them. Stick with the fundamentals, not the corrupt advise of those who profit from your losses.

    BTW, I am a long term investor in AAPL. I do not play the options game as I think too much of it is rigged.

  4. Beleaguered


    it really is a fun word to say now that the shoe is on the other foot. I know I am being childish but…..

    Beleaguered, Beleaguered, Beleaguered ……….. hahahahah

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