Dell settles with SEC for $100 million, moseys off into sunset

Looks like Dell might finally be at peace with the united states Securities and Exchange Commission — for now at the very least. The company has announced that it\’s reached a settlement for \” alleged omissions just before Fiscal 2008\” regarding both its relation with Intel and some accounting this-and-that. In a nutshell, Dell was receiving payments from Intel (who had some nasty payouts of its own) to not use AMD chips, which the company didn\’t confide in investors, and then didn’t explain why profitability dropped once the payments stopped coming in. Keep in mind that $100 million set aside in June for the sort of civil monetary penalty? Yep, that is exactly what it was for, and it\’s exactly what Dell is paying out. Additionally, CEO Michael Dell is paying $4 million out of pocket. Lesson learned, right guys?

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