[quote author=“Tommo_UK”]Bear Stearns upgrades DELL to….. $43!

They obviously need to sell off some of their holdings to pay for their subprime debts.

No doubt, they took a look at their portfolio and thought: Hmm, what’s the most overrated crap we have here that we can pump then dump? Ah yes, DELL.

He agrees wholeheartedly.  He’s confident in his “manhood”, so his computer can be “pretty” and “touchy feely” and that’s ok.  I told him about this discussion, and he just laughed, rolled his eyes and said “watch out…here comes the feminist perspective”    After over 23 years of marriage, he’s accustomed to my occasional jump onto a soapbox. 

Why did I close my token short this morning? Didn’t I know Dell often manipulate the premarket after small news to keep the price up? Didn’t I know max pain was $27.50? Now down 4.5% from the open! At least it was only token loss.

Moooooo! 

No conference call with analysts?

How long will the press release-based “recovery” continue?

Sales growth at less than half that of the industry and marketing stepping way ahead of manufacturing. In Dell’s market no inventory means lost sales. Trying to pump up short-term manufacturing means a loss of margins. The transition continues and IMHO the jury is still out.

[quote author=“DawnTreader”]No conference call with analysts?

How long will the press release-based “recovery” continue?

Accroding to Dell’s last statement,  next quarters earnings will be “official” and at that time conference calls will resume.

[quote author=“incorrigible”][quote author=“DawnTreader”]No conference call with analysts?

How long will the press release-based “recovery” continue?

Accroding to Dell’s last statement,  next quarters earnings will be “official” and at that time conference calls will resume.

Of course. The company is running out of time. The company is losing its market clout, is continuing to lose pricing control and is growing at 1/3 the pace of the overall PC industry. Why not postpone a frank and earnest discussion with analysts for another 90 days?

During the period Apple was providing preliminary reports due to the options probe the company never missed a call with analysts. Why should Dell be given a free pass?

17-Sep-07
16:03   DELL Dell Receives NASDAQ Notice Due to Delay in Filing of Form 10-Q

Nobody comments on it, nobody cares

[quote author=“Tommo_UK”]17-Sep-07
16:03   DELL Dell Receives NASDAQ Notice Due to Delay in Filing of Form 10-Q

Nobody comments on it, nobody cares

I think Dell have subtly modified the wording of their statement about restating, and they are further slipping the date for filing the last two quarters. It feels as though Michael Dell is stuck between signing a cover up and signing a confession, and fears that the SEC may have figured it out.

Dell’s also got a new VP of Global Marketing and Communications . Clearly a can-do proactive type who will quickly magic away Dell’s murky past.

(Well at least I know what PCI compliance is now.)

SEC charges 3 Dell accountants with insider trading
10 hours ago

WASHINGTON - Federal regulators on Friday charged three Dell Inc. accountants with insider trading, saying that the men had made about $250,000 in illegal profits in 2005 by trading on inside information about the Texas computer maker’s earnings.

The Securities and Exchange Commission filed civil charges against Salvador Chavarria, John Nieto and Glenn Leftwich in federal court in western Texas. Chavarria and Nieto settled the charges. The case is pending against Leftwich. Their attorneys couldn’t immediately be identified for comment.

Bob Pearson, a Dell spokesman, said that Dell was “contacted by the SEC well past a year ago, and we immediately agreed to co-operate.” He said that the company does not comment on current or former employees. It wasn’t clear whether the men still work at Dell. A person who answered the phone at Nieto’s home number said he still worked at the Round Rock, Texas, company.

The SEC has been cracking down on insider trading by individuals, charging more than 50 people in its current fiscal year with buying or selling securities based on their access to confidential information. The 2007 fiscal year ends on Sept. 30.

The SEC said that the three men had traded before Dell’s Aug. 11, 2005, announcement that quarterly revenue had fallen short of analyst expectations. The SEC said that Leftwich in addition made trades before Dell announced on Oct. 31, 2005, that it wouldn’t hit quarterly earnings targets. The men allegedly used put options, which amount to bets that stock prices will fall.

Under the settlement, Chavarria will pay almost $325,000, including the return of $153,240 in profits. Nieto will pay about $35,000, including the return of $16,677 in improperly earned profits. The men weren’t barred from working as accountants at publicly traded companies under the settlement.

So they repaid the gains, paid a penalty and may remain working at Dell. Interesting…

Essentially they traded outside any available in-house stock options so internal controls or monitoring would not have picked up the activity.