Dell Delays Quarterly Earnings Report

DOJ and the SEC are looking into the company’s accounting practices:

The company postponed an analyst meeting that was to be held on Sept. 13 and suspended its stock buyback program. Dell said in a statement today that it will reschedule the New York analyst event to a later date.
The investigations by the SEC and the U.S. Attorney for the Southern District of New York indicate the possibility of misstatements in prior financial results, Dell said. The Round Rock, Texas-based company said it plans to file the report as soon as possible and is cooperating with the investigations.
“We will take any appropriate remedial or corrective actions to address any problems,” Chairman Michael Dell said in the statement.

Posted by on September 11th, 2006 at 9:35 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.