Dell to Settle SEC Probe

Dell has set aside $100 million to settle an SEC investigation over its accounting and financial reporting.
Dell to Settle SEC Probe
6/11/2010
Updated:
6/11/2010

Dell Inc., the computer giant, disclosed on Thursday in a restatement of its fiscal first-quarter financial statements that it has set aside $100 million to settle a Securities and Exchange Commission (SEC) investigation over its accounting and financial reporting.

The company said that it is talking with the SEC about a possible settlement. The investigation dates back to 2006, and in 2007, Dell had to restate four years of financial statements with lowered earnings, to correct inaccurate financial results used to meet performance targets.