Dell Delays Quarterly Report Due to Accounting Probe
Computer maker Dell said Thursday it will delay filing its financial report for the fiscal 2008 first quarter ended May 4 amid an ongoing accounting investigation.
In a filing with the Securities and Exchange Commission, the company said the delay is due to questions raised in connection with an independent investigation being conducted by the audit committee of the company's board.
Dell is under investigation by the Securities and Exchange Commission and has received a related subpoena from the U.S. Attorney for the Southern District. The PC maker had said in March that an internal audit found accounting errors and evidence of misconduct in its months-long review of previous earnings statements.
Dell said Thursday the audit committee has not yet determined whether the company will need to restate past finances. The company added it is 'working diligently' to file its quarterly and annual reports as soon as possible.
Dell shares less than 1% in after-hours trading.