Jobs in Jeopardy at Dell

By: Associated Press
By: Associated Press

ROUND ROCK, Texas (AP) - Jobs are on the line after Dell announced it will reduce more than four years worth of earnings.

An internal probe found the Round Rock-based computer company misled auditors and manipulated results for performance goals.

Chairman Michael Dell says they're committed to achieving and maintaining a strong control environment, high ethical standards and financial reporting integrity.

Later, in a conference call, analysts repeatedly asked if any current Dell executives were privy to the accounting woes.

Since last August, Dell's executive team has undergone big changes, including the departure of Chief Financial Officer James Schneider and the return of Michael Dell as CEO.

Without naming names, vice chairman and CFO Don Carty said: "the ones that knew about it are the ones that are gone."

Carty is a former chairman of American Airlines who replaced Schneider in December.

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