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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News