Dell’s mixed report card
Friday, May 30th, 2008A court ahs found Dell guilty of fraud adn false advertising. But profits are up, signalling that Michael Dell has finally turned the company around.
Sphere: Related ContentA court ahs found Dell guilty of fraud adn false advertising. But profits are up, signalling that Michael Dell has finally turned the company around.
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Once upon a time, Dell was loved by investors, analysts and business journalists. How things change. Its business model might be yesterday’s story.
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Dell boss Michael Dell says he had nothing to do with Dell’s accounting shenanigans. Even though Dell started cooking the books when he was still CEO back in 2003.
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Dell will restate more than four years worth of earnings and that the restatement would cuts its net income by between $50 to $150 million.Dell admitted it had doctored the books to reach quarterly financial targets.
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