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  • Dell Set for $100 Million SEC Settlement, CEO May Face Fraud Allegations

    07/05/2010 7:27:07 AM PDT · by SunkenCiv · 7 replies
    Daily Finance ^ | June 10, 2010 | Dawn Kawamoto
    Michael Dell is expected to face allegations of committing fraud through negligence... however, is expected to remain as CEO and chairman of the company he founded... The company has been steadily losing market share to competitors as it has seemed to lose its footing. There have also been allegations that it got an artificial boost to its earnings by receiving sizable marketing dollars from Intel to maintain an exclusive relationship with the chipmaker -- providing it stayed away from Intel archrival Advanced Micro Devices (AMD). But even for the struggling computer maker, a $100 million settlement would be less than...