Looks like Dell
might finally be at peace with the US Securities and Exchange Commission -- for now at least. The company has announced that it's reached a settlement
for "alleged omissions prior to Fiscal 2008" regarding both its relation with Intel and some accounting this-and-that. In a nutshell, Dell was receiving payments from Intel (who had some nasty payouts of its own
) to not use AMD chips, which the company didn't disclose to investors, and then failed to explain why profitability dropped once the payments stopped coming in. Remember that $100 million set aside
in June for such a civil monetary penalty? Yep, this is exactly what it was for, and it's exactly what Dell is paying out. Additionally, CEO Michael Dell is paying $4 million out of pocket. Lesson learned, right guys?