$100 million settles Dell accounting-fraud charges

"Dell said on Thursday that it will pay $100 million to settle charges that it engaged in fraudulent accounting practices to appear to be meeting Wall Street earnings targets.

"The U.S. Securities and Exchange Commission probe into the company and chairman Michael Dell, which has been previously disclosed, alleged that Dell "failed to disclose" payments from Intel to use its processors and "materially misrepresented" the reasons for its improving profitability."

Complete Story

Related Stories:

• Dell drops Ubuntu PCs from website... for now(Jul 24, 2010)
• Dell sends out motherboards with built in malware - W32.Spybot worm(Jul 23, 2010)
• Editor's Note: What Good is it if They Don't Know it's Linux?(Jul 16, 2010)
• Dell cuddles Canonical for big Ubuntu fluffer love(Jul 08, 2010)
• Dell reiterates that Linux is safer than Windows(Jul 01, 2010)