Monday, February 19th 2007
Computer Maker Dell Contends with Investor Lawsuit Over Dealings with Intel.
The lawsuit, brought about by investors, accuses computer maker Dell Inc. of "secretly receiving approximately $250 million a quarter in likely illegal kickbacks payments" from its long time partner Intel. This money was supposedly received in return for an exclusive purchase agreement for Intel's microprocessors. Chip maker Intel claims that the accusations are just a renewal of similar previous complaints by chip maker AMD (Advanced Micro Devices). Dell would not comment on the lawsuit. In the past Dell has only used processors manufactured by Intel, but just last year began buying processors from Intel's competition AMD.
In addition, Dell is also currently under investigation by the U.S. Securities and Exchange Commission, and the U.S. Justice Dept. for its accounting practices.
Source: CNNMoney
In addition, Dell is also currently under investigation by the U.S. Securities and Exchange Commission, and the U.S. Justice Dept. for its accounting practices.
Source: CNNMoney
7 Comments on Computer Maker Dell Contends with Investor Lawsuit Over Dealings with Intel.
The only reason we dont like their pc's is because we like to upgrade/tweak :D