- What Black Friday Shoppers Spent on – And Where
- Dubai Stocks Shed 7%, Abu Dhabi Tumbles 8%
- Regulators Compile Global List of 'Systemic Risk' Banks
- Dubai's Nakheel Seeks Suspension $5.25 Billion in Bonds
- Partridge Demand Slump Doesn't Offset '12 Days' Costs
- US Senator Opposes Fed Chief Bernanke Renomination
- A Weak IPO Debut for Las Vegas Sands' Macau Unit
- Woods Has Nothing More to Say to Police: Agent
- Big US Banks May Be Forced to Raise Capital: Bove
- Tamminen: Copenhagen And Beyond
- Dubai is Harsh Reminder of Prolonged Global Recovery
- Tiger Woods Wants to Protect Family Privacy: Agent
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
MOST SHARED
- US Shoppers Spent Less Over Black Friday: NRF
- Tiger Woods Wants to Protect Family Privacy: Agent
- Dubai Stocks Shed 7%, Abu Dhabi Tumbles 8%
- South Korea Sees Exports Bouncing, but Risks Remain
- Dubai's Nakheel Seeks Suspension $5.25 Billion in Bonds
- Dubai is Harsh Reminder of Prolonged Global Recovery
- Sands China Ends 10.2% Lower in Hong Kong Debut
- US Senator Opposes Fed Chief Bernanke Renomination
- Japan Won't Intervene to Weaken Yen: Finance Minister
Text Size 
Dell [DELL
Loading...
()
]
The world's second-largest personal computer maker said it is working with its auditors and management to determine whether restatements of past financial statements are needed, and to see if the control deficiencies "constitute a material weakness" in its internal control over financial reporting.
Dell announced last August that it had been investigating its accounting for a year. Later in 2006, the company said the U.S. Securities and Exchange Commission and U.S. federal prosecutors were investigating its past accounting.
Founder Michael Dell in January retook the helm of the company from Kevin Rollins, who left after the investigations were disclosed and a series of lower-than-forecast financial results. The company last year lost the No. 1 PC market share ranking to rival Hewlett-Packard [HPQ
Loading...
()
]
Dell said on Thursday the accounting review meant it would not file its annual report with securities regulators by the April 3 due date, or by an extension date of April 18.
The stock, which had closed up 0.2 percent at $23.39 in regular-session trading on Nasdaq, fell almost 7% in after-hours trading.
Print
Email
- These four sectors will be the next to lead the market.
- Zhu Zhu Pets are this year's must-have toy, fetching $40 or more on eBay.
- From the why-didn’t-I-think-of-that file, we present Jason Sadler, a man whose job is wearing T-shirts.
- It may be the most unusual guide to business you'll read.
- Shopping for a gadget hound? The choices can be baffling. Here are a few that should be a hit.
- "The Who" will be the halftime act for Super Bowl XLIV on Feb. 7 in Miami. Is the NFL behind the times?
Data is a real-time snapshot *Data is delayed at least 15 minutes