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Federal Prosecutors Launch Probe of Dell

An anonymous reader writes, "The U.S. Attorney for the Southern District of New York has launched an investigation into Dell's finances and has subpoenaed company documents going back to 2002. Dell execs had previously said they didn't think any of this would add up to any material impact, but that seems to be a possibility now." More accurately, this is a continuation of an ongoing "informal" SEC probe. That probe has caused Dell to delay its financial reporting and raised the possibility of needing to restate previous quarters' earnings.

4 of 94 comments (clear)

  1. Re:Close up shop by eshefer · · Score: 3, Informative

    it's a referance to michel dell remarks from 1997 to the question a reporter asked him: "what should apple do?" his answer was "apple should close up shop and return the money to the shareholders".

  2. Re:Not suprising... by CaptainAx · · Score: 2, Informative

    Usually with these 25% to 30% off systems, there were rebates that wouldn't be issued for months...

  3. Re:Are There Any Honest Companies Left? by gatesvp · · Score: 2, Informative
    Try BenQ, Samsung and (I believe) NEC.

    Plus Apple just came out with a 24" iMac. It costs twice as much, but it comes complete with a computer, all for the same size :)

  4. Re:Are There Any Honest Companies Left? by DittoBox · · Score: 2, Informative
    --
    Good. Cheap. Fast. Pick Two.