Depending on who you ask, Dell, Inc. (NASDAQ: DELL) is making either slow or fast progress in returning to the top spot in global PC sales (hey, it just started in February, right?). But the troubles keep on multiplying. Dell's widely chattered-about internal accounting audit continues, as does that nagging SEC investigation. Meanwhile, exasperated shareholders who have no real idea of the financial health of their investment, are fast losing patience.
Meanwhile, another insult. Dell just received its third delisting notice from the NASDAQ stock exchange. The last notice was sent in April, and, like the first time the previous September, the company begged for a reprieve while it got its financial house in order. Which, um, might be any time now.
Dell has already asked to continue its listing as it works through its accounting review. But now NASDAQ is likely to lose patience with the computer maker, along with its shareholders. Will the exchange continue to twiddle its thumbs waiting for Dell to get it's act together? Will shareholders?
NASDAQ disses Dell: Computer maker gets its third delisting notice
Posted Jun 20th 2007 4:00PM by Brian White
Filed under: SEC filings, Bad news, Dell (DELL)
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