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Michael Dell denies involvement in irregularities

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Discussing ongoing investigations into accounting irregularities at the computer giant, Dell's CEO Michael Dell, has for the first time publicly denied any personal involvement.

The Register reports that Dell made his comments during a Citigroup technology conference in New York.
"I was not involved in or aware of any of the accounting irregularities," Dell told delegates. "Certainly I'm not proud of what occurred at our company, but I am proud of the company overall, and I take responsibility for making sure those issues are addressed."
An internal investigation, spurred by the US Securities and Exchange Commission's (SEC) own investigation, found that account balances were fixed to show quarterly performance objects had been met – sometimes at the request, or with the knowledge of, senior Dell executives.
According to the Register, Dell is yet to restate its revised financial results for the time in question (2003-2006), but total income is expected to be reduced by about $150-million. It adds that the financial skulduggery occurred in years during which Dell was CEO, when he handed the post to Kevin Rollins in 2004, and when Dell reclaimed the position in February of this year.
"What you have now at Dell is really a new team that is addressing all of the issues that were raised in the investigation," Dell says.
The company says it has since sacked, reassigned or reprimanded those involved – although it refuses to identify any of the perpetrators.