Dell, on Monday, said in a statement it will delay the 10-Q filing for the quarter ended Aug. 4 because of questions raised by the "informal" SEC investigation "into certain accounting and financial reporting matters" and the subsequent investigation by Dell's audit committee of its board.
Dell's Chief Financial Officer Jim Schneider said in August that the company didn't expect the matter to have a material effect on its finances. However, audit committee chairman Don Carty said Monday, "We have not yet reached any conclusion on materiality as to these issues."
In addition, the U.S. Attorney for the southern district of New York has begun requesting information. It has subpoened documents related to Dell's financial reporting from 2002 to the present, the company said.
Dell's Chief Financial Officer Jim Schneider said in August that the company didn't expect the matter to have a material effect on its finances. However, audit committee chairman Don Carty said Monday, "We have not yet reached any conclusion on materiality as to these issues."
In addition, the U.S. Attorney for the southern district of New York has begun requesting information. It has subpoened documents related to Dell's financial reporting from 2002 to the present, the company said.
Dell's move indicates the situation is more "ominous" than what it had disclosed in August and that it doesn't bode well for management, Sanford C. Bernstein analyst Toni Sacconaghi wrote in a research note Monday.
Dell said the SEC and board investigations "have indicated the possibility of misstatements in prior period financial reports, including issues relating to accruals, reserves and other balance sheet items that may affect the company's previously reported financial results."
View: Full Article @ CNET News.com
They won't make a come back; they've focused too much on cutting prices rather than delivering value for money, the've saturated their market in a time that companies have slowed down their upgrade cycle, as the upgrades yield a less and less boost to productivity that it did in the past, and to top it all off, their business is too narrowly focused on computer hardware.
Look at HP and IBM, they're multifacited companies, dealing with desktops, servers, laptops, UNIX, scientific computing, services and consulting; they've got alot of fingers in alot of pies, so when one pie gets cold, they can move to change and adjust their business model to accomodate; its the old story of being able to leverage all the parts to deliver a product to an end user.
The laptop battery fiasco has highlighted this; the lack of R&D by way of hardware development, testing and quality support as well; given the crap support I've recieved in the past, I decided to go with Toshiba for my laptop; I've had it for around 4 days, and have not experienced even one issue with it; everything just works; nice, stable and reliable; more expensive than a Dell, but well worth the premium.
Last edited by kaiwai on 12 Sep 2006 - 05:49
They won't make a come back; they've focused too much on cutting prices rather than delivering value for money, the've saturated their market in a time that companies have slowed down their upgrade cycle, as the upgrades yield a less and less boost to productivity that it did in the past, and to top it all off, their business is too narrowly focused on computer hardware.
Look at HP and IBM, they're multifacited companies, dealing with desktops, servers, laptops, UNIX, scientific computing, services and consulting; they've got alot of fingers in alot of pies, so when one pie gets cold, they can move to change and adjust their business model to accomodate; its the old story of being able to leverage all the parts to deliver a product to an end user.
The laptop battery fiasco has highlighted this; the lack of R&D by way of hardware development, testing and quality support as well; given the crap support I've recieved in the past, I decided to go with Toshiba for my laptop; I've had it for around 4 days, and have not experienced even one issue with it; everything just works; nice, stable and reliable; more expensive than a Dell, but well worth the premium.
I use Dell Latitudes and havent had a single problem till date ( my battery wasnt in the affected list ). Anyways to each his own, I recommended Toshiba to a friend in Australia and it acts up every now and then...and he cusses @ me for that lol. As far as having fingers in several pie's is concerned, I dont think its a good idea. Dell's XPS gaming rigs are damn stable though.
They won't make a come back; they've focused too much on cutting prices rather than delivering value for money, the've saturated their market in a time that companies have slowed down their upgrade cycle, as the upgrades yield a less and less boost to productivity that it did in the past, and to top it all off, their business is too narrowly focused on computer hardware.
Look at HP and IBM, they're multifacited companies, dealing with desktops, servers, laptops, UNIX, scientific computing, services and consulting; they've got alot of fingers in alot of pies, so when one pie gets cold, they can move to change and adjust their business model to accomodate; its the old story of being able to leverage all the parts to deliver a product to an end user.
The laptop battery fiasco has highlighted this; the lack of R&D by way of hardware development, testing and quality support as well; given the crap support I've recieved in the past, I decided to go with Toshiba for my laptop; I've had it for around 4 days, and have not experienced even one issue with it; everything just works; nice, stable and reliable; more expensive than a Dell, but well worth the premium.
I use Dell Latitudes and havent had a single problem till date ( my battery wasnt in the affected list ). Anyways to each his own, I recommended Toshiba to a friend in Australia and it acts up every now and then...and he cusses @ me for that lol. As far as having fingers in several pie's is concerned, I dont think its a good idea. Dell's XPS gaming rigs are damn stable though.
How so? Hitachi not only makes damn good hard disks, they make heavy engineering machinery, electrical appliances, whiteware etc. Its a nice way to stablise off profits; when the IT sector slows down, and capital intensive projects take off, they cane take advantage of that boom.
Hmm, as for the Toshiba, depends on what model; the current one I've got is an A100; its fairly reliable, then again, I don't tweak and stuff around with things; I find that those who do have problems, tend to stuff around, install crap and cause all manner of problems that come back to haunt them later on.
Garbage In Garbage Out !! :p
Brand doesn't matter...!! its the way you hadle ur babe.. !! (notebook) :p
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