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Friday, August 17, 2007 |
Dell to restate results after finding manipulation. (InfoWorld) - Dell will restate its earnings for fiscal years 2003 through 2006 and the first quarter of 2007 after an internal audit found that certain employees had changed corporate account balances in order to meet quarterly financial targets, the company said Thursday.
In the new financial results, Dell will cut a total of $50 million to $150 million of net income from its previously reported cumulative total of $12 billion for the entire period. That translates to a reduction in Dell earn
[IDG InfoWorld]
2:00:09 AM 
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© Copyright 2007 William T Goodall.
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