Dell Digs Up the Dirt

Dell said it was still trying to determine whether the accounting errors will require restatements of past financial reports, and whether the control deficiencies represent a material weakness in Dell's internal controls over financial reporting.

Dell has been vague about exactly what the accounting investigation involves. In previous statements, Dell has said the investigations are examining certain accounting and financial matters, including issues related to reserves and other balance-sheet items that may affect its past financial results.

In December, Dell CFO James Schneider resigned from the company and was replaced by Donald Carty, the former CEO of American Airlines parent AMR(DELL).

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