Dell computers pays $100m to settle SEC fraud charge (BBC)

[eppur_se_muova]

Dell has agreed to pay $100m to settle charges that the computer maker used accounting fraud to make it appear it was meeting analysts' profit forecasts.

Under the settlement with the Securities and Exchange Commission (SEC), Dell's chairman Michael Dell will pay a separate $4m civil penalty.

The SEC alleged that Dell did not disclose large payments received from Intel to not use chips made by a rival.

Dell and its executives have not admitted or denied the charges.

Mr Dell said in a statement: "We are pleased to have resolved this matter."
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more: http://www.bbc.co.uk/news/business-10736517




American free enterprise at its finest. :(

[jtuck004]

1. I think it was Galbraith I was reading - he said something to the effect

of "There really is no free market. Most businesses try to monopolize the industry", and that is the downfall of much of business, because people get hurt in the process.

Though I suspect you don't want it to wind up in the business pages ;)

[skoalyman]

2. I'd rather build my own desktop pc then

buying one already built. First place its not all that hard to do and it ends up being a fun learning experience.

[Crazy Dave]

3. I used to build and sell desktops

The main selling point to my customers was if something breaks I can have it fixed in less than 24 hours due to the local availability of non-proprietary parts and the ability to upgrade the video card, RAM and even the motherboard every couple of years without having to buy a whole new system.