Nasdaq grumbles at Dell . . . again
Remember when we were friends?
Pulling Dell off the Nasdaq would be as criminal as prying a billionaire away from his brain glaze. But that's exactly what might happen if the computer maker fails to get its book in order.
Dell has received yet another de-listing notice from the Nasdaq exchange. The Wall Street types have chided Dell for not handing in regulatory filings relating to the company's past fiscal year. Dell has delayed issuing such filings as it deals with a pair of accounting probes.
Dell has received similar notices from the Nasdaq in the past – all a result of the accounting troubles. Last month, an internal probe into the same accounting issues turned up evidence of “misconduct,” according to Dell.
The Nasdaq threats are more procedural than anything else. Dell just needs to get its paperwork done.
Once upon a time, Dell was the Nasdaq's brightest star. More recently, however, Dell's stock has demonstrated all the momentum of a one-legged man hopping through a pool of molasses. ®