Federal Prosecutors Launch Probe of Dell 94
An anonymous reader writes, "The U.S. Attorney for the Southern District of New York has launched an investigation into Dell's finances and has subpoenaed company documents going back to 2002. Dell execs had previously said they didn't think any of this would add up to any material impact, but that seems to be a possibility now." More accurately, this is a continuation of an ongoing "informal" SEC probe. That probe has caused Dell to delay its financial reporting and raised the possibility of needing to restate previous quarters' earnings.
Ha HA (Score:1, Funny)
Close up shop (Score:4, Funny)
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Your kidding right? Since when does a "tech" company return profits to the shareholders?
More typical is they carry the earnings internal until bad news happens and take giant write downs to compensate. In the mean time, those invested in them are playing chicken to see who can get top dollar before it colapses. There are exceptions, but not many.
Re:Close up shop (Score:4, Informative)
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Michael Dell is all about ROIC. F
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LOL!
"If Apple hadn't shifted its focus toward digital entertainment it may well have gone out of business"
ROLFLMAO.
"Michael Dell is all about ROIC. For those that don't know, think of ROIC is the interest rate paid on your savings account. Dell maximizes earnings and minimizes capital investment. Clearly Apple doesn't work that way. Low volumes, high margins, unique aesthetics and boutique sales are relatively capital-
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Alianware, XPS, ditty, DJ."
Alienware is a surprise. Dell basically doesn't buy other companies.
XPS is a very old brand. It's simply the top Dimension machine and is successful.
The music players aren't a surprise coming from Dell. They spent no development money on it.
Can you count?
"Do you want to know what I think?
here it is:
"Dell's future looks like SGI's" "
Didn't know that was the original topic,
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yup. it's an anomilly. Do you have an explanation?
"The music players aren't a surprise coming from Dell. They spent no development money on it."
True. but that was folow up to apple's ipod success. they failed dissmally there. it was dell trying to test the waters in a new market, far from anything thier brand is associated with. that initiative crashed and burned.
"Dell is the largest supplier of PC's worldwide"
Not for long, come back two
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I don't know, but it occurred after MD stepped down. It occurred during Rollins time and I know MD was against such acquisitions.
"Not for long, come back two years from now, we'll see. take a look at PC growth rates now, take a look what companies are beating the PC growth rate. this should give you a clue."
Doesn't matter, what I said was correct. This was a discussion about the man, not the company, and MD no longer runs Dell.
"can you?"
Yes, I can. There were more than "two w
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OK, point taken. Anyway, it was FUD, and has been proven to be wrong.
"Today, macs are really Intel PC's running a polished NextStep and the rest is consumer electronics. Quite a huge transformation."
Actually, nine years ago - that was the original reason Apple bought Next (transition to the new OS and the platform change to intel). it just took 8 years longer then Gil Amellio was promissed by steve jobs). As for Consume
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It wasn't FUD nor proven to be wrong. FUD is a technique of misinformation meant to harm a competitor. MD was pressed by a journalist to comment on another business that he didn't consider a competitor and he never predicted Apple's demise. He himself said that he would not be a good candidate for the job.
"Fighting over the comodity PC sales in this day and age is like fighting over Minicomputer sales in the begining of the 80s."
Only if you believe th
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Ah, ok. right. what was it then? he could have just said "I'm not going to answer that question. I don't care" - his answer stated that he sees no future in apple.
"Only if you believe that PCs are destined to disappear from the market (which I'm thinking you do). PCs aren't disappearing"
sales of desktops (which are what I meant) are stagnating, while sales of notebooks and other closed systems (like the imac and mac mini) are rising. I don't know if they are going to di
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He did not say that. First off, it was an interview of MD and had nothing to do with Apple, yet the journalist decided to ask MD what he'd do if he was taking over Apple as Jobs was. His initial reaction was that he wouldn't take that job. When pressed for an answer, he said he'd liquidate the company.
That should surprise no one who understand
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OK. good day, sir.
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ROLFLMAO.
Someone clearly doesn't remember 1997 very well.
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Apple and Dell are very different companies. Apple pays R&D teams to innovate, where as Dell just copies. Same with all the other beige box PC companies. Apple develops something new, packages it up so its easy to use, secure, stable, and fun. And they sell tons of machines, make a huge p
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Why? aren't they profitable?
I know most companies are having maintenance contracts with Dell, in which Dell is excellent and very fast. Dell isn't focussing on the consumermarket, but is doing quite well with businesses.
Walk into any company (government, educational and private) and you'll find Dells...
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And no, none of my laptops have caught fire.. The recalled batteries where replaced within 5 business days, which I believe is fast considering the size of the recall.
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The stories I could tell... (Score:2)
Goes around...comes around, eh, Michael...?
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It's just a Slashdot thing... Some kids here feel that they are cool if they say bad things about Dell... It's the same with Microsoft.
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One of those two la
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When you command nearly a third of the market for PCs, you can make your suppliers do almost anything -- including making them sell components
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1: go to manufacturer and negotiate reasonable prices for lots and lots of stuff
2(a): wait until the manufacturer ramps up the workforce/leases on equipment and space to meet your order and has a significant portion of their income tied to your continued patronage
3(b): Tell them that they're going to lose your orders unless they reduce the price of their products and refuse to pay more when costs go up. Since such a huge part of their inc
obligatory... (Score:5, Funny)
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1. It is 9-11-2001 not 2000
2. If it is such a serious matter, you should get that much right.
3. If today is a day that requires a somber tone....I would suggest avoiding slashdot, or at least reading it at +3 or +4
Better yet... (Score:1)
Dude! (Score:5, Funny)
Jaysyn
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I suppose I'm alone in this. (Score:2)
Re:I suppose I'm alone in this. (Score:4, Insightful)
Federal Prosecutors Launch Probe of Dell.
Eliot Spitzer is the New York State Attorney General. He is looking for a new job though...Governor of New York to be specific.
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I hope not.
His recent hobbies [wikipedia.org] impress the shit out of me.
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You know they're guilty when they say .... (Score:3, Funny)
Not suprising... (Score:5, Interesting)
If you only knew (Score:1)
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always copying (Score:4, Funny)
There they go, copying Apple again...
so where is the money going (Score:2)
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"Missing money" doesn't mean that the money was there to begin with. Just that they (if true) have misstated their income in some way. Why would a company do this? Numerous reasons: to prop up the share price... the top brass might have
Retirement plan at Dell? (Score:1)
I'd be considering ways to move the value of my retirement plan somewhere else.
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I wanta know (Score:2)
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This could end up benefitting Dell.... (Score:2, Insightful)
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"An Anonymous Reader"? (Score:4, Funny)
Oh, hey, Mr. Jobs!
I didn't know you read slashdot!
Press Coverage Bias Detector (Score:5, Insightful)
To be "fair and balanced", the next articles should say that "beleagured" Dell faces delisting
by the Nasdaq and that Michael Dell faces SEC charges.
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Apple is having it's own financial reporting issues of late, and these have been widely covered in the media.
Are There Any Honest Companies Left? (Score:5, Interesting)
Sony makes a lovely 23 incher. They also distribute a wonderfull rootkit.
HP has a nice 24 inch LCD. They also have an ethically challenged Board of Directors.
Dell's 24 inch wide screen LCD gets rave reviews. They seem to have some financial reporting issues.
How can I "vote with my dollars" when there is no one to vote for?
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How about a 24" iMac? [apple.com] ... of course that is a bit more than just an LCD monitor...
I do not work for Apple nor do I own one... yet...
these puppies are pretty sweet though, and my Dell Laptop sucks ass
Re:Are There Any Honest Companies Left? (Score:4, Funny)
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Hold your nose, and vote for the third-party fruitcake. Almost by definition, most 3rd-party candidates in the USA are fruitcakes. They have one issue they make some sense on, and most everything else they are well-characterized as a fruitcake. But you aren't voting to get them elected, you are voting to contribute to the "51/34/26% of votes cast go to neither of the major party candidates" (whatever percentage you want, as 1% more th
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Plus Apple just came out with a 24" iMac. It costs twice as much, but it comes complete with a computer, all for the same size :)
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http://www.newegg.com/Product/Product.asp?Item=N8
http://www.newegg.com/Product/Product.asp?Item=N8
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Since their TVs support all the correct standards, I'd give them a carrot in this case and support them. I won't touch anything else Sony makes right now, but we bought our TV from them last year.
This is similar to Microsoft - I won't touch their OS or application software, but their game divi
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When the electronics division isn't being crippled by the other divisions, it is often being sued by them. Yes, this company is schizoid enough to take itself to court (and lose? win?) and has done so numerous times in the past; it's possible because it's really a congolmerate of several dozen m
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I think the terrorist laptop of choice is DELL (Score:1)
Michael Dell "We're in the penalty box"(interview) (Score:1)
My favourite part:
"If you ask, 'Okay, is Dell in the penalty box?' Yeah, Dell's in the penalty box," is how Michael Dell puts it. "Then we'll use this opportunity to fix everything."
Of course this was before this announcement of the investigation into Dell's finances.
You can read part of the interview here:
http://money.cnn.com/2006/09/04/magazines/fortune/ dell_intv.fortune/ind [cnn.com]
Strip naked and get on the probulator (Score:2)
Dell: "That wasn't so bad."
SEC: "Oh, wait, it hasn't started yet."
*ding*
Dell: *Aaaarrrrghhh*
SEC: "Ok, it's about to start!"
*ding*
Dell: *AAAAAAAARRRRRRRRRRRRGGGGGGGHHHHHHHH !!!!!!!!!!!!!!!!!!!!!!*
Hmmm.... (Score:3, Funny)
Bad place to work as well. (Score:1)
tellin alla ya'll this is sabotage (Score:1)