Computer maker Dell Inc. has postponed the release of its third quarter financial report, scheduled for Thursday, citing the "complexity" of an ongoing investigation of the company by the U.S. Securities and Exchange Commission (SEC).
Dell said Wednesday it will release a preliminary report of third quarter results by the end of November and that subsequent earnings reports will be delayed by approximately one week each from their current schedule. It also said the third quarter report would be made public only as a press release, without the customary conference call on which analysts who follow Dell can ask questions of company executives.
The company also announced that the SEC "has entered a formal order of investigation" into Dell's practices, although it emphasized that the delay in the earnings report is unrelated to that news. In a formal investigation, the SEC has the authority to subpoena documents and compel witness testimony.
The SEC and the company's Audit Committee have been looking into certain accounting and financial reporting matters at Dell, which has not yet filed its second quarter 2006 financial report.
Dell began an internal financial audit in August 2005 after learning that the SEC had begun an informal investigation of the company's revenue recognition and accounting practices for past fiscal years. Dell's internal audit revealed that the company may have misstated prior financial reports, including accruals, reserves and other balance sheet items.
Since then, Dell learned of a second investigation by the U.S. Attorney for the Southern District of New York, who subpoenaed the company's financial reporting documents going back to 2002.
This whitepaper explains the terminology and concepts behind Data Replication technologies and establishes some sizing rules through worked examples. Learn the new paradigm in disaster tolerance—protect data anywhere.
Download now »
Server virtualization is a popular option for dealing with mounting datacenter costs. Another equally promising approach is the use of an Application Delivery Controller. Citrix NetScaler provides a low-cost way for organizations to reduce their server count and accrue cost savings from a reduction in space, cooling, power and personnel.
Download now »
The emergence of WLANs has created a new breed of security threats to enterprise networks.
Included in HP ProCurve WLAN solutions is security technology that alleviates threats from WLANs through:
* Monitoring wireless activity inside and out of the enterprise
* Classifying WLAN transmissions into harmful and harmless
* Preventing transmissions that pose a security threat to the enterprise network
* Locating participating devices for physical remediation
Effectively address data protection challenges, implementing solutions that help store and protect business–critical data while cutting costs and improving efficiency and reliability.
Download now »
Sign up to receive Security Resource Alerts
This white paper provides guidance on how to develop a strategic approach to managing and monitoring logs, a key function required for compliance with many regulatory mandates and a critical defense against security threats.
Download now! »
Learn about the processes and technologies that support security information management (SIM) operations, as well as the business case for SIM. The series examines different options for implementing SIM and gives you evaluation criteria for selecting the best option for your organization.
Download now! »
Learn the strategies, actions, and capabilities that Best-in-Class organizations employ and technologies they choose to obtain superior performance against various security performance metrics. This report provides guidelines for identifying which security solutions to consume as a MSS and defines best practices for choosing and managing MSSPs.
Download now! »
Recommend This
