Dell reveals SEC accounts probe
SEC conducting informal investigation
Personal computer giant Dell has revealed that it has been undergoing an
informal SEC investigation related to accounting matters since August 2005.
News of the probe came as Dell reported a 51% drop in profit, leading to its
shares falling by nearly 5% in after-hours trading.
Reuters reported Dell as saying it did not believe the issues would have any
‘material impact’ on its financial position.
Company spokesperson Jess Blackburn said the company did not disclose the
matter earlier because ‘we are under no obligation to disclose it’.