Dell faces investor lawsuit over Intel pact

Iria · Feb 2, 2007, 07:01 PM

Source: Reuters
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A new investor lawsuit against Dell Inc. accuses the computer maker of improperly accounting for hundreds of millions of dollars in payments from long-time partner Intel Corp., a plaintiffs' attorney said on Friday.

The lawsuit accuses Dell of artificially inflating profits "by secretly receiving approximately $250 million a quarter in likely illegal rebate kickbacks payments" from Intel in return for an exclusive deal to purchase Intel's microprocessors, class-action lawyer William Lerach told Reuters.

Judas · Feb 2, 2007, 07:15 PM

ooo

could get interesting

Feb 2, 2007, 07:01 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Dell faces investor lawsuit over Intel pact Source: Reuters _________ A new investor lawsuit against Dell Inc. accuses the computer maker of improperly accounting for hundreds of millions of dollars in payments from long-time partner Intel Corp., a plaintiffs' attorney said on Friday. The lawsuit accuses Dell of artificially inflating profits "by secretly receiving approximately $250 million a quarter in likely illegal rebate kickbacks payments" from Intel in return for an exclusive deal to purchase Intel's microprocessors, class-action lawyer William Lerach told Reuters.