Dell says to seek hearing on delisting notice
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Dell Inc.  said on Thursday it  received a delisting notice because it was late in filing a  quarterly financial report and plans to request a hearing  before a Nasdaq panel.
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The law firm of Milberg Weiss announced today that it is investigating possible illegal conduct relating to 401(k) retirement plans at computer maker Dell Inc. Specifically, Milberg Weiss is investigating whether fiduciaries of the Dell Inc.
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(InfoWorld) - Dell is in the final phases of an internal audit of its finances, the company said Thursday as it told the U.S. Securities and Exchange Commission it will delay filing an audited earnings report for the fourth consecutive quarter. The company began the audit in an effort to comply with accounting investigations by the SEC and theÂ U.S. Attorney for the Southern District of New York. Although the investigations have not yet led to a conclusion, Dell has already felt the impact on its bottom line -- the company spent $46 million on the investigation during the latest quarter alone. Dell is also staving off a threat by the Nasdaq stock exchange to delist its stock as punishment for failing to file official quarterly reports, called Forms 10-Qs, for the second, third, and fourth quarters of fiscal 2007, and now the first quarter of fiscal 2008. At the same time,Â Dell has been struggling in the marketplace. On May 31, the company announced a plan toÂ lay off 10 percent of its 88,100 workers, in a continuing search for richer profits. The company earned $759 million for the first quarter compared to $762 million in the same quarter last year. However, those numbers are subject to change if Dell management decides to restate its earnings, the company warned in the SEC filing. The company's audit committee stated in March that it hadÂ found evidence of misconductÂ and accounting errors, and now says it is reviewing each of those errors and proposing corrections. The committee will then decide whether to restate earnings. Dell management will also determine whether there is "a material weakness in the company's internal controls over financal reporting" and whether its "disclosure controls and procedures are not effective," the filing said. A company spokeswoman declined to give further details on the audit committee's progress, saying that the latest SEC report is just a formal confirmation of Dell's warning in May that its first-quarter results were only preliminary.
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Likely to miss SEC deadline, could de-listing follow? Dell will once again hold back filing its 2007 financial statements to the US Securities and Exchange Commission (SEC) because it is yet to complete an internal investigation into its accounting practices.â¦
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Court documents say Dell, Gateway, and other major PC vendors were affected.
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Dell Inc.  said it was informed by Nasdaq that it was not in compliance with the exchange's stock-listing requirements after it delayed filing first-quarter financial results with regulators.
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NEW YORK - Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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DALLAS -- Dell Inc., the world's largest PC maker, has delayed filing its fiscal second-quarter financial report and suspended its share-repurchase program because of an ongoing federal accounting probe.
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By Kyodo News International, Tokyo  Mar. 9--TOKYO -- The Tokyo Stock Exchange will be able to make a decision  on the delisting of Nikko Cordial Corp.
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Dell's $155 million acquisition of MessageOne, a company co-founded by Michael Dell's brother, raises conflict-of-interest concerns.
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Dell  said on Friday it received a letter from Nasdaq saying the computer maker was not in compliance with listing requirements because it was late in filing its fiscal third-quarter report.
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The possibility of layoffs at Dell Inc raised its head on Friday, with a leaked memo indicating that returning chief executive Michael Dell wants to restructure his way out of the company's problems.
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Dell, the computer maker, said Tuesday that its chief financial officer was stepping down as the company faces two federal investigations into its accounting practices.
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By Jeremy Harrell  Suffolk County Executive Steve Levy has proposed a mediation hearing next Wednesday in an effort to resolve a bitter real-estate fight that could cost Long Island the headquarters of CanonUSA.
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File by 16 July or risk de-listing Dell has said its conditional listing on Nasdaq will come to end on 16 July, effectively forcing the computer maker to file its late financial reports with the US Securities and Exchange Commission (SEC).â¦
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By Paul B. Johnson, High Point Enterprise, N.C.  Jun. 2--TRIAD -- Critics of the record Dell Inc. incentives package aren't quite ready to say "we told you so" after the computer giant announced major job cutbacks this week, but they're close to making that case.
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(InfoWorld) - In a bid to reassure nervous investorsÂ in the wake of a federal investigationÂ and aÂ battery recall, Dell executives have announced a corporate overhaul dubbed "Dell 2.0." The strategy calls for Dell to recover from slumping profits by making a series of basic changes, such as building factories closer to emerging markets, and putting more emphasis on industrial design, Chief Executive Officer Kevin Rollins said Tuesday in New York at Dell's annual Technology Day. "We've spent the last 22 years following the Dell business model, but as the marketplace changes, the needs and desires of our customers have also changed," Rollins said. "We are re-evaluating every aspect of our business model, from supply chain and design to customer service and support." Dell is suffering through a brutal stretch. The company announced on Monday that it would delay filing its quarterly Form 10-Q because an investigation by the U.S. Securities and Exchange Commission had raised the possibility Dell might have to restate past quarterly earnings figures. And in August Dell worked with the Consumer Product Safety Commission to recall 4.1 million laptop batteries with a defect that could cause them to overheat and possibly catch fire. Under its new plan, the company will form a team of 60 designers by the end of 2006, dedicated to improving the design and usability of Dell PCs instead of focusing solely on price and performance. And the company has already begun to move away from its centralized production model by building PC factories in emerging markets like Brazil, India and Central Europe, he said. In other aspects of the overhaul, Dell said in July it wouldÂ begin using consistently low prices instead of complex rebates, and said in June it would offer enterprise-scale IT management to midsize companies under a Platinum Plus services plan. The strategy extends to products, too. Under the new strategy, Dell will continue to design PCs with chips from Advanced Micro Devices Inc. (AMD). Until recently, Dell had used only Intel Corp. processors, but this week launched two AMD-powered desktops and plans to sell AMD-based servers by the end of 2006. Dell's transition to a two-processor company is harder than simply swapping chips, said Chief Technology Officer Kevin Kettler. As Dell engineers create AMD-based PCs, they face a host of challenges -- testing and evaluating the systems, creating a logistics plan to supply processors to factories worldwide, and fitting the new components into their supply chain management plans. "Any time you bring on a new vendor to introduce a major piece of silicon, there's a natural process of aligning the new technology with our products," Kettler said. "I personally have worked for seven years with AMD on Dell's behalf, driving Opteron technology into the server space. This is not a short term, one-product-and-out deal, but a long-term relationship." In another design-centric change, Dell will join Hewlett-Packard Co. and Lenovo Group Ltd. to use DisplayPort, an interface standard that enables high-speed, two-way communications between PCs and displays. The new specs were approved in May by a governing body called the Video Electronics Standards Association. Under current technology, engineers use graphics controllers inside PCs and TVs to send signals to either digital or analog monitors ranging from CRTs (cathode ray tubes) to LCDs (liquid crystal displays) and plasma screens. "Those interfaces all just evolved, so you need to do development over three different interfaces with a multitude of technologies, and you can't take advantage of shared resources," said Kettler. In contrast, the new standard will use PCI (Peripheral Component Interconnect) Express interface to forge a "direct drive" link between the PC and monitor, always keeping the information in digital format. That will allow designers to build displays with embedded cameras and microphones, and will also preserve digital rights management, ensuring that data flowing across the cable can be only displayed, not copied, Kettler said. Â