Dell to restate prior earnings

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Dell to restate prior earnings

Computer maker Dell on Thursday said it will reduce more than four years’ worth of earnings by up to $150 million, after an internal probe found the company misled its auditors and manipulated results for performance goals. Dell said its net income for the restatement period will be reduced by between $50 million and $150 million, or 2 cents to 7 cents per share.

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