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.
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