I am amazed that no one is talking about the SEC settlement with DELL. In a nutshell, DELL computer was committing fraud, on a grand scale, between the years 2002-2006. They were being bribed by INTC, so that they would use pentium chips exclusively, then used said cash to meet earnings. Let me be clear: the SEC unveiled internal emails that revealed the conspiracy to “use INTC money” to meet estimates. Furthermore, without the INTC money, the company would have missed estimates every single quarter during that time frame.
As a result, DELL got a slap on the wrist and a 100 million dollar fine. In addition, Michael Dell and several top executives were fined a few mill and that’s it! Nothing to see here, just motherfucking fraud on a big dicked scale. To think, during that time frame, when DELL’s share price was ripping off tits to the upside, people wrongly lauded them for having “superior supply chain management” and “top of the line leadership.” Bullshit!
DELL, like Enron, cheated. Unlike Enron, no one at DELL is going to jail. Why the fuck not?
Since DELL started using AMD chips, DELL’s income has declined by 75%. They attributed that to slashing prices, when in reality it is because the INTC bribes stopped flowing into the company coffers. Those motherfuckers have been lying to investors for nearly a decade and no one takes them to task for it. Michael Dell should resign immediately. He is not some sort of genius in supply chain management, only cooking the books.
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