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Michael Dell Going To Jail      4-Nov-09 07:37 pm    
http://news.cnet.com/8301-13924_3-103908...

MICHAEL DELL belongs in jail!!!!!!!!!!!!!!!!!!!

"The attorney general also makes some alarming allegations about the extent to which Dell's net income was tied to rebates. "A comparison of Dell's reported net income with the rebates it received from Intel for some quarterly periods show that, by 2004, the rebate payments amounted to more than a third of Dell's earnings," the complaint alleges.

The document continues: "In 2006, Dell received approximately $1.9 billion in rebates from Dell, and in two quarterly periods of that year, rebate payments exceeded reported net income. From February to April of 2006, rebates ($805 million) amounted to 104 percent of net income ($776 million). The following 3 months, between May and July of 2006, the proportion was even higher, 116 percent ($554 million of rebates and $480 million in net income)."

The complaint also discusses a period in 2004 when AMD was offering server processors that demonstrated "relative superiority" to Intel servers, according to a statement cited in the document made by Dell's "lead negotiator with Intel." Intel's negotiator with Dell queried Dell's lead negotiator about what Dell needed to "meet comp exposure." Dell's negotiator, e-mailed back: "This is really easy. MSD (Michael Dell) wants $400M more."
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als2069


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Michael Dell Going To Jail
als2069 (1 Rating) 4-Nov-09 07:37 pm  
 
It is shameful how this company operates.
a_nickel_le... (1 Rating) 5-Nov-09 08:09 am  
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