Dell to Restate Earnings

Susan Hall

Dell has announced it will restate its earnings for fiscal 2003 through 2006, admitting accounting mistakes could cost the company as much as $150 million, reports an Associated Press story on newsvine.com.

 

According to Bloomberg, the company's stock rose after the computer maker admitted misled auditors and manipulated results to please Wall Street.

 

Dell said the yearlong investigation involved scrutiny of more than 5 million documents and "identified evidence that certain adjustments appear to have been motivated by the objective of attaining financial targets."



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