Apparently there is some love for Dell, Inc. (NASDAQ: DELL) from NASDAQ after all. Just recently, the exchange told the world's second-largest computer maker to get its act together or face a delisting from the exchange. It was the third time in two years that Dell had been warned by the exchange where its public shares are traded. With the Round Rock, Texas, company still in the middle or at the end (we hope) of an internal and external accounting irregularity investigation, the computer maker has not posted official financial reports in what seems like ages.Well, the good ol' NASDAQ has extended Dell's listing on the exchange for two more weeks from yesterday, and in what seems like normal procedure by now, the company again asked for more time to finish delinquent financial reports. How long is this going to take? Visions of Enron start floating in my head when it takes a year or more to get correct financial reports out the door. That, or Dell hired a forensic accounting team of monkeys to perform its investigation.
Dell's shares will be listed until July 16, according to NASDAQ officials. We'll see what kind of extension Dell gets when that date rolls around in a few weeks. Perhaps sometime in 2009 we will see audited financial statements from Dell? I'm not holding my breath, but if you hold Dell shares, you've probably run out of air by now.
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
Black Friday expected to be strong, no promises for Christmas
Reader Comments (Page 1 of 1)
7-09-2007 @ 7:33PM
Sheila McNutt said...
What does this mean for the stock holders?? thanks, Sheila