SEC Investigation of Dell’s Finances Intensifies

A ~50% fall in net profit, and a US Securities and Exchange Commission (SEC) investigation is usually more than enough to make a corporate executive quake in his/her shoes. But it seems the Powers That Be aren’t done with Dell’s management just yet.

According to a BusinessWeek feature, Dell recently reported that the federal probe of its finances had widened, and it would not only drop a proposed stock buyback plan but also delay filing quarterly documents with the SEC.

But that ain’t all, so I suggest giving the BW feature a run through if you have some time to spare. Of course, that’s if you haven’t been burnt out by the recent deluge of “Dell’s in trouble” reports.

del, sec

September 14th, 2006 @ 02:33 AM • Filed under Corporate, News, Precision

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