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

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News