Dell postpones third-quarter results due to accounting probes
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In SEC filing Thursday, computer maker again says delay is result of ongoing investigations into accounting and reporting matters.
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Office Depot Inc. on Monday delayed its third-quarter earnings report due to its audit committee's independent review of vendor program funds, a development that one analyst said raised questions about the nation's second-largest office supplies retailer's financial statements.
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Dell Inc  said on Thursday it is delaying its fiscal 2008 second-quarter report until it has completed a financial restatement process.
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A continuing review of its troubled Navy/Marine Corps Intranet contract forced embattled services provider EDS to again delay its third-quarter financial report.
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(InfoWorld) - Dell plans to report its third quarter financial results later today once the U.S. stock market closes, after delaying the announcement by nearly a week due to accounting troubles. The PC maker had previously planned to file its earnings on Nov. 16, but said it wasÂ sidetracked by ongoing investigationsÂ from its own internal audit committee and by the U.S. Securities and Exchange Commission (SEC) into certain accounting and financial reporting matters. The accounting issues come at an awkward time for Dell. The company has reported a string of disappointing financial quarters, and recentlyÂ lost its title as the world's largest PC vendorÂ to Hewlett-Packard. Dell also faces some pressure to report solid earnings on Tuesday, since HP last weekÂ reported its net profit quadrupledÂ compared to a year earlier. Dell plans to release a third quarter earnings statement on Tuesday, but does not plan to host a conference call, it said in a statement. Future earnings announcements will be pushed back by a week compared to Dell's previous schedule. Last week, Dell announced that anÂ SEC inquiry into its accountingÂ had become a formal investigation. The PC company vowed to cooperate with the investigation and regain compliance with all SEC filing requirements as soon as possible.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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DALLAS ---- Dell 's fourth--quarter profits plunged 33 percent because of weak sales of laptops and notebooks, and the personal computer maker still faces an unresolved federal accounting probe, customer service complaints, several shareholder lawsuits and stiff competition from rivals.
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The Nasdaq stock market extend Dell a deadline for filing late reports with the U.S. Securities and Exchange Commission, the company announced.
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Dell Inc. DELL.O said on Thursday it   received a delisting notice because it was late in filing a   quarterly financial report and plans to request a hearing   before a Nasdaq panel.
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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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Nortel Networks Corp. indicated that it won't be waking from its financial nightmare anytime soon when it delayed on Thursday the release of its financial statements for the third time because it found additional problems with its revenue reporting for past results.
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Dell  said on Friday it  received a letter from Nasdaq saying the computer maker was not  in compliance with listing requirements because it was late in  filing its fiscal third-quarter report.
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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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PC seller also misses deadlines for filing its past three quarterly earnings reports and its annual report, as it struggles with an accounting practices investigation.
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Computer maker Dell Inc. DELL.O said   on Monday that an expanding government accounting probe has   caused the company to cancel a meeting with Wall Street   analysts for the second time this year and that it will suspend   stock buybacks.
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With the prospect of substantial financial corrections still looming over Dell Computer, analysts late yesterday were given a preliminary fourth-quarter fiscal year 2007 earnings report, on top of a recently issued third-quarter report that still remains preliminary. Those who were able to do the math for themselves came to a daunting conclusion: Dell's not growing.
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Dell Inc.  said it was informed by Nasdaq that it was not in compliance with the exchange's stock-listing requirements after it delayed filing first-quarter financial results with regulators.
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The Electronic Data Systems Corporation announced yesterday that its quarterly financial report would be delayed because of a dispute with its auditors over the company&#39;s troubled computer services contract with the United States Navy.