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By | Kelly Fiveash 4th July 2007 11:24

Dell's SEC deadline looms

File by 16 July or risk de-listing

Dell has said its conditional listing on Nasdaq will come to end on 16 July, effectively forcing the computer maker to file its late financial reports with the US Securities and Exchange Commission (SEC).

Failure to do so on time could result in the firm being de-listed from Nasdaq.

Nasdaq's listing and hearing review council made the decision on 27 June.

In a statement issued yesterday, Dell said:

"The company is planning to request that the Nasdaq board of directors call the council's decision for review to give the company additional time to complete its delinquent periodic reports.

"The company is committed to regaining compliance with all Nasdaq listing requirements as soon as possible."

Dell is involved in an ongoing internal investigation into accounting issues, which it said has prevented it from filing mandatory reports for its last quarter with the SEC.

The firm, which last month told the SEC that its audit committee had nearly completed investigations, has been reluctant to file until it can be confident that its figures are correct.

In a separate investigation, the US Attorney General's office of Southern District of New York is looking at Dell's accounts as far back as 2002.

Dell's press release is here and more from the SEC here. ®

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