EDS forced to delay earnings report
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WHITEHALL&#39;S biggest computer services contractor, Electronic Data Systems, has postponed its earnings announcement after auditors forced it into considering an investment writedown for its loss-making $8bn (Â£4.
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Yet another delay from the FDA leaves investors hanging.
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Computer maker Dell Inc.  filed with the U.S. Securities and Exchange Commission on Thursday to delay its third-quarter financial report, citing ongoing regulatory investigations into its accounting and financial reporting matters.
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Office Depot Inc , the world's second-largest office supplies retailer, said on Monday it would delay its third-quarter earnings release due to an independent review of its vendor program funds.
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Apple Computer has delayed filing its financial statements for a second time and said it will restate earnings to account for backdated stock-option grants.
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DALLAS -- Dell Inc., the world's largest PC maker, has delayed filing its fiscal second-quarter financial report and suspended its share-repurchase program because of an ongoing federal accounting probe.
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Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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NEW YORK - Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as the company and regulators continue to investigate some of its accounting practices.
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Sony Corp. said on Wednesday it would  delay its annual earnings report by a few weeks as it grapples  with the extra paperwork needed to comply with tougher U.S.  accounting rules.
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The telecommunications equipment maker, mired in accounting irregularities, has missed three self-imposed deadlines for correcting its financial reporting.
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(InfoWorld) - Dell is in the final phases of an internal audit of its finances, the company said Thursday as it told the U.S. Securities and Exchange Commission it will delay filing an audited earnings report for the fourth consecutive quarter. The company began the audit in an effort to comply with accounting investigations by the SEC and theÂ U.S. Attorney for the Southern District of New York. Although the investigations have not yet led to a conclusion, Dell has already felt the impact on its bottom line -- the company spent $46 million on the investigation during the latest quarter alone. Dell is also staving off a threat by the Nasdaq stock exchange to delist its stock as punishment for failing to file official quarterly reports, called Forms 10-Qs, for the second, third, and fourth quarters of fiscal 2007, and now the first quarter of fiscal 2008. At the same time,Â Dell has been struggling in the marketplace. On May 31, the company announced a plan toÂ lay off 10 percent of its 88,100 workers, in a continuing search for richer profits. The company earned $759 million for the first quarter compared to $762 million in the same quarter last year. However, those numbers are subject to change if Dell management decides to restate its earnings, the company warned in the SEC filing. The company's audit committee stated in March that it hadÂ found evidence of misconductÂ and accounting errors, and now says it is reviewing each of those errors and proposing corrections. The committee will then decide whether to restate earnings. Dell management will also determine whether there is "a material weakness in the company's internal controls over financal reporting" and whether its "disclosure controls and procedures are not effective," the filing said. A company spokeswoman declined to give further details on the audit committee's progress, saying that the latest SEC report is just a formal confirmation of Dell's warning in May that its first-quarter results were only preliminary.
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Symbol Technologies said today that it will delay filing its third-quarter results for two weeks, and it revised results for the first nine months of the year downward by $13.3 million because of errors in how inventory levels were reported.
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Goodyear Tire &amp; Rubber Co. (GT.N: Quote, Profile, Research) said on Thursday that it would be forced to delay filing an amended 2003 annual report until it has determined how to
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Accounting scandal continues to drag out as company once again delays reporting results for first half of 2004 and all of 2003.
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PLANO, Texas Electronic Data Systems today delayed releasing its third-quarter financial results -- until November third. The extra time will let auditors finish evaluating a money-losing contract to provide computer services to the Navy.
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ROUND ROCK, Texas -- Computer maker Dell Inc. said Monday it will delay filing its fiscal second-quarter report and suspended its share repurchase program because of previously-disclosed accounting probes.
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NEW YORK -- Apple Computer Inc. said Friday it has delayed filing its annual report with the Securities and Exchange Commission due to its ongoing investigation into stock option grants.