Nasdaq puts Dell on notice--again

Failure to file quarterly earnings reports while the company investigates potential refile over accounting errors has resulted in a repeat notice of possible Nasdaq delisting.

Dell's failure to file a timely earnings report has again earned it notification of possible delisting from the Nasdaq.

It's the fourth such deadline Dell has missed while in the midst of SEC and internal investigations into its accounting practices, including three quarterly reports and its 2006 annual report. The latest deadline passed on May 4, at which time Dell says it notified the Nasdaq Listing and Hearing Review Council of the finding of its own audit committee. In March, Dell announced that its internal investigation yielded what it termed "evidence of misconduct," which could result in the company having to restate past earnings.

Dell said the notice was "expected" and the company has already asked the Nasdaq to extend its conditional listing until it is able to file. The council's decision is still pending.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Top 5 features we want to see in the next Galaxy Note

The next Note is expected soon, but what would make it great? We've got some ideas.

by Iyaz Akhtar