Dell Reveals SEC Formal Probe, Delays Report

Law360, New York (November 16, 2006, 12:00 AM EST) -- Computer maker Dell Inc. had bad news on Thursday, revealing that it was postponing the release of its financial results and was under a formal probe by the U.S. Securities and Exchange Commission.

Dell said that it was postponing its third-quarter earnings report until sometime late in the month, and that the delay was due to the “level of complexity the company is facing in the preparation of its preliminary results.”

The company is still resolving unspecified accounting issues with its internal audit committee. It remained...
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