Monday, July 26, 2010

Dell's earnings report late three times or face Nasdaq delisting



Dell's earnings report late for 3 times, and finally angered the United States Securities and Exchange Commission (SEC). At last count, the U.S. SEC has issued an ultimatum to require Dell to be submitted in the July 16 earnings results, or else face the risk of Nasdaq delisting.

The news has been confirmed Dell's Dell acknowledged SEC has indeed issued an ultimatum.

July 16 will be their financial reporting deadlines. Dell said the main reasons for late submission of financial statements of its internal investigation is not complete, some of the specific business can not be calculated.

In response, Dell in the United States Securities and Exchange Commission letter said: "Company executives have pledged to resolve this problem, and with investigative bodies contact we will De to Baogaozhengli out."

Dell said in June, due to the ongoing financial internal audit committee investigation, it had to be postponed as of May 4 release of first quarter fiscal 2008 earnings.

In fact, this is not Dell's first financial report late. Prior to this, in September and December last year Dell has been twice delayed release second quarter fiscal 2007 third quarter and full year financial results. To this end, Dell repeatedly received the SEC sent the company a notice violation of listing rules.









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