Dell faces Nasdaq de-listing
- Author:
- Antony Savvas
- Posted:
- 11:02 19 Dec 2006
Dell is facing a de-listing from the Nasdaq stock exchange after failing to report its full third quarter earnings on time.
Dell is already appealing against a de-listing threat previously issued by Nasdaq, after not filing its second quarter earnings on time.
Dell said the delays in both cases were the result of an ongoing US Securities and Exchange Commission (SEC) investigation into the firm’s accounting and financial reporting procedures.
The investigation could lead to Dell having to re-state its accounts going back a number of years, one reason Dell isn’t in a hurry to post final figures for its latest accounts.
Dell was recently overtaken by Hewlett-Packard as the world’s largest supplier of PCs.
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