Printed from http://www.electronista.com

Dell finds bookkeeping problems: in trouble?

updated 09:00 am EDT, Fri March 30, 2007

Dell Bookkeeping Trouble

Dell late yesterday admitted that there had been mismanagement of its finances in recent years, according to a statement by the company. An internal investigation had found "accounting errors, evidence of misconduct, and deficiencies in the financial control environment," the terse message said.

Though the company doesn't expect criminal charges to follow, Dell management has labeled the problem as "serious" and could be forced to restate its earnings, potentially revealing a considerably weaker company. The Texas system builder has struggled with poor sales that prompted a major management reshuffling, including the return of Michael Dell to the CEO spot.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Crucial MX100 256GB SATA-3 SSD

While the price-per-gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for ...

Narrative Clip

With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

Blue's Mikey Digital

Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

Sponsor

toggle

Most Commented

 
toggle

Popular News