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Ugh.

Dell Inc. on Wednesday delayed its earnings report as the U.S. Securities and Exchange Commission stepped up a probe into the computer maker's accounting, and its shares fell nearly 3 percent.

Dell said the delay of the earnings report, originally scheduled for Thursday, was not related to the SEC's decision to elevate its investigation to formal from informal status.

But the postponement reflects "the level of complexity the company is facing in the preparation of its preliminary results," related to the SEC investigation and its own inquiry into accounting and financial reporting matters, Dell said.

Dell plans to announce preliminary fiscal third-quarter results in a news release "by the end of this month," but will not hold a conference call for analysts as it has in the past.

Posted by edelfenbein at November 16, 2006 9:52 AM