The Channel logo

News

By | John Oates 18th June 2007 15:02

Dell audit probe almost over

Talks to SEC

Computer maker Dell told the Securities and Exchange Commission (SEC) late last week that it has nearly completed its internal accounts probe.

Dell faces investigation from the SEC over alleged accounting problems. It has delayed filing results for the last quarter until it can be certain the figures are correct.

The company is still deciding whether or not it will need to restate previous accounts.

But Dell told the SEC last week that its audit committee is in the final stages of its investigation. The US Attorney General's office of Southern District of New York is also looking at Dell's accounts stretching back to 2002.

Dell is one of dozens of IT firms facing accounting investigations over allegations that they mis-dated earnings or backdated share options.

The company is laying off 10 per cent of staff in order to cut costs and is looking at changing strategies - it is considering moving away from its direct sales model to flog more boxes through resellers. ®

alert Send corrections

Opinion

Killer whale

Chris Mellor

Firm cites 'low demand' plus 'abusers'

Tim Worstall

Or why the reversal of globalisation ain't gonna 'appen
The full Spanglish breakfast: mealy pudding, bacon, black pudding, sausages, fried egg, toast
Blood image

Trevor Pott

Can the storage giant overcome a lack of necessary leadership?

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that