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.

Comments

Press Coverage Bias Detector

[wmduncan]

This should pose an interesting comparison of how Dell is treated by the press vis a vis Apple.

To be "fair and balanced", the next articles should say that "beleagured" Dell faces delisting
by the Nasdaq and that Michael Dell faces SEC charges.