Friday 17 August 2007

Dell Misleads with Accounting Numbers

Dell joins the list of companies that have alleged financial shenanigans:

“…What we know now is that Dell’s finance department was apparently willing to fudge numbers to ensure it would hit or surpass its quarterly earnings forecasts. The unit seems to have done that with the knowledge of, or sometimes at the request of, senior executives…”

link: Goals led Dell to cook the books

The term “inappropriate accounting decisions” is used. How can anyone, in a major company that is scrutinized as closely as Dell, think for one minute that this would escape questioning? These alleged “inappropriate accounting decisions” are meant to mislead Wall Street and the Dell investors. It begs the question then, about how much the consumer can trust Dell.

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