Dell reaches $100 million settlement with SEC

Dell has reached a settlement with the U.S. Securities and Exchange Commission over an investigation into the company’s accounting and financial reporting practices. They were accused of being deceptive about their commercial relationship with Intel. CEO Michael Dell will also pay a $4 million personal penalty for his role.

This has not been a good month for Dell. In addition to the settlement, they were forced to admit some of their servers shipped with malware riddled firmware, then they announced they were accepting pre-orders for Dell Streak phone, only to yank the announcement 24 hours later saying it was a mistake.

Read [PCWorld]