The Wall St. Journal reports this morning that Dell Computer cannot file its scheduled earnings report because of a continuing probe into its earnings reporting practices. The company has also suspended its stock buyback program, which I've suspected has prevented the steadily sinking stock price to completely tank.
This announcement comes shortly after my note that in some areas, Dell has apparently begun to do the right things, such as how it has handled the battery recall and investing $100 m in customer support. It also sounds like small potatoes when you look at the tawdry mess at the top of HP, who is charged with illegal surveillance of press members.
In any case,the news does little do instill trust in the ailing computer-making giant.
