Dell Incentives Won't Prevent Possible Layoffs
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By Paul B. Johnson, High Point Enterprise, N.C.  Jun. 6--TRIAD -- Dell Inc. could continue to receive its full incentives package from state of North Carolina even if the company lays off workers at its Triad plant.
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Even before Microsoft offered its buyout bid, Yahoo acknowledged plans to lay off about 1,000 workers. Now, those layoffs are under way, regardless of Microsoft's acquisition hopes, with pink slips being handed to the leaders of Brickhouse and Yahoo Personals, among others.
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Media & professional: Â· Radical shakeup proposed to limit bar on payouts  Â· ABI insists changes would not help consumer
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Will they or won't they? Dell execs remain elusive on AMD plans, but analysts say circumstances could push the two together.
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DALLAS -- Dell Inc. beat Wall Street predictions in its first-quarter earnings report but said it would eliminate 10 percent of its work force over the next year as part of a broad plan to trim costs and become more competitive with rivals.
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Dell Inc.  said it was  informed by Nasdaq that it was not in compliance with the  exchange&#39;s stock-listing requirements after it delayed filing  first-quarter financial results with regulators.
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It wasn't supposed to work like this. Paying $280 million to lure a Dell plant was supposed to ensure high-tech jobs at the computer maker and at ancillary businesses it would attract. Instead, Dell's health has faltered and 8,000 jobs will be cut in the next year.
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(InfoWorld) - Shortly after theÂ resignation of its chief executive, Dell was reeling from another blow when a group of investors filed a lawsuit on Wednesday alleging that the company had used illegal accounting methods to hide secret kickback payments paid by Intel. The payments from Intel were meant to ensure that Dell used only Intel processors in its PCs, according to the suit. The investors filing the suit asked the U.S. District Court in Austin, Texas, to give the case class-action status, saying that Dell shareholders were harmed when Dell inflated its profits. Intel denies the charges. A Dell spokeswoman said the company did not comment on pending litigation. In May, Dell announced it would also began sellingÂ PCs and servers using chips from Intel's rival, Advanced Micro DevicesÂ (AMD). The investors claim that Dell's profits were inflated by hundreds of millions of dollars, The Wall Street Journal reported on Friday. Dell is struggling through a brutal series of events, culminating in the resignation on Wednesday of CEO Kevin Rollins after just two years at the helm. The company's founder and namesake, Michael Dell, will resume that job, taking up the fight to convince Wall Street that he can turn around sinking profits. After missing its earnings targets for recent quarters,Â Dell lost its mantleÂ as the world's largest PC vendor to its surging rival Hewlett-Packard. The new accusation echoes several ongoing lawsuits against the two companies. In August, regulators from the U.S. Securities and Exchange Commission (SEC) and the U.S. Attorney for the Southern District of New York launched anÂ investigation of Dell's accounting practices. Since then, Dell has failed to file its quarterly earnings numbers for the periods ending Aug. 4, 2006 and Nov. 3, 2006, leading the Nasdaq stock exchange to decree it will drop Dell from its listing board unless the company opens its books by March 14. And in December, a U.S. judgeÂ ordered Intel to share informationÂ about its overseas business practices to answer charges by AMD that it paid illegal cash rebates and discounts to dissuade PC vendors and retailers from using AMD's processors. That case is scheduled to be argued in court in April 2009. Intel denied the new allegations, saying they were merely a copy of the AMD case, and that it had already refuted those charges. "We've conducted a preliminary review of the matter, and at first glance it appears that some of the allegations with regard to Intel may be made up," said Intel spokesman Chuck Mulloy. "While they rehash antitrust allegations from other cases, there is no [new] antitrust claim. Intel denies the plaintiffs' allegations and plans to move quickly to defend itself." As evidence that it has no connection to Dell's accounting practices, Mulloy said that Intel has not been contacted by investigators from the SEC or the Department of Justice.
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"OK" results aren't good enough for Dell anymore. That's great news.
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Bonuses are back at the Energy Department. The department got caught in a budget squeeze late last year when Congress failed to complete the annual spending bills funding the government on time. Worried that they would not be able to make ends meet and might even have to lay off employees, officials...
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By Crayton Harrison, The Dallas Morning News  Sep. 12--To troubleshoot their glitchy computer company, Dell Inc. executives are installing an upgrade.
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Dell Inc. DELL.O Chairman Michael   Dell on Tuesday threw his support behind Chief Executive Kevin   Rollins, while promising the computer maker was "working   diligently" to resolve its mounting problems.
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In a memo to Dell Inc. employees days after returning as chief executive officer, Michael Dell said the beleaguered computer maker is quashing bonuses for 2006 and reducing managers to help cut costs and steer the company back toward dominance.
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By Yager, Tom  Investors and the SEC are going after Dell, but it shouldn't have to take the rap alone  I WROTE A COLUMN IN 2005 CALLED "HOW will Dell Offset the Loss of Intel's Generosity?" (infoworld.com/5060).
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By Crayton Harrison, The Dallas Morning News  Sep. 12--Dell Inc.'s latest snafu has put yet another dent in the Texas computer giant's once sterling reputation.
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By RICHARD M. BARRON  Dell said Friday it doesn't know whether plans to cut 10 percent of its workforce worldwide will affect the roughly 1,300 workers at its Winston-Salem computer assembly plant.
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Dell announced early this morning it has received a notice from the NASDAQ stock exchange threatening the company with a possible de-listing if it continues to delay the filing of its quarterly 10-Q report.  Dell remains the target of an SEC probe, and may have to restate its earnings back several years.