Dell Delays 10Q Filing, $100M SEC Fine Cited

notified the Securities and Exchange Commission

Dell’s 10Q form was due on Wednesday. Dell, headquartered in Round Rock, Tex., also notified the SEC that it has revised its April quarter earnings to reflect a $100 million liability “for the potential settlement of the SEC investigation.”

“As a result of the liability recorded, Dell’s operating income for the fiscal quarter ended April 30, 2010 has been reduced by $100 million from the amount previously reported in the earnings release to $519 million, Dell’s net income has been reduced by $100 million from the amount previously reported in the earnings release to $341 million, and Dell’s earnings per share have been reduced by $0.05 from the amount previously reported in the earnings release to $0.17,” the company wrote in its notification to the SEC.

Dell in March indicated in a separate SEC filing that it expected to pay penalties as a result of the SEC probe, which began in August 2005 and was expanded in June 2006.