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

Advertisement

Recent Reviews

Seagate Wireless

It seems like no matter how much internal storage is included today's mobile devices, we, as users, will always find a way to fill the ...

Lenovo Yoga Tablet 2 (Android, 10.1-inch)

Lenovo is building a bigger name for itself year after year, including its devices expanding beyond desktop computers. The company's l ...

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, the process is not exactly something most people put a lot of thought into. Printers are often t ...

Advertisement

toggle

Most Commented

 
toggle

Popular News