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We recently outlined the somewhat cloudy case for whether Dell (NASDAQ:DELL) is cooking the books. We came away unconvinced, at least with regard to warranty reserve issues. Still, what we think is of little significance with the SEC breathing down the company’s neck.

Dell Delays 3rd-Quarter Filing

Computer and server maker Dell Inc. said Thursday it is delaying the filing of its full third-quarter results as it continues to investigate some of its accounting practices.In a document filed with the Securities and Exchange Commission, Dell said it was delaying its quarterly report for the period ended Nov. 3 because of questions raised during investigations by the SEC and the U.S. Attorney for the Southern District of New York.

The investigation covers reserves and other balance sheet items that could affect previous results.

The delay leaves investors with little hard data to go on other than a very stale January quarter financial statement that appears likely to be revised. And that is a very flimsy basis indeed.

DELL 1-yr chart:

DELL 1-yr chart

Disclosure: author is short DELL put options.

Source: Dell's Giving Investors Little Hard Data To Work With