Welcome!

PHP Authors: Salvatore Genovese, Michael Sheehan, RealWire News Distribution

Related Topics: Linux

Linux: Article

Amid Government Probe, Dell Replaces CFO

Dear, dear, dear, now this doesn't look good

Dell, which is waist-deep in investigations into how it did its bookkeeping, paralyzing its ability to get its numbers out, has suddenly lost its long-standing CFO Jim Schneider days before Christmas (hmmm) and, in response, Dell Tuesday reached out to its board (hmmm) and named long-time director Donald Carty, erstwhile chairman and CEO of AMR Corporation, the parent company of American Airlines, the world's premier carrier, not only CFO but vice-chairman (hmmm).

Carty, whose appointment become effective January 1, will remain on the board and report to CEO Kevin Rollins. (Consider that some pundits have been forecasting that Rollins won't survive 2007. Heck, the entire management team might look different in a few months.)

Before he headed AMR and before he was president of American Airlines, Carty was its CFO. He's been on the Dell board since 1992 and resigned from AMR in 2003 after pleading poverty - well it was $6 billion in the hole - wringing concessions from the unions to ward off bankruptcy, and then secretly awarding himself and senior management big fat bonuses.

Schneider, who supposedly put the ball in play (hmmm), is supposed to stick around for the transition until the end of Dell's fiscal year at the end of February then he's supposed to become executive chairman of board of Frontier Bancshares.

Thomas Luce will replace Carty as head of Dell's audit committee.

Meanwhile, the Nasdaq is threatening to delist Dell again because the company hasn't filed its fiscal Q3 report with the SEC.

Dell now has a matching set of these delisting notices. It got one when its fiscal Q2 report went lacking. Its fiscal Q2 numbers haven't been filed yet either.

Dell is still trading on the Nasdaq's sufferance pending a decision from the panel that met on November 2 to listen to its plan for getting compliant again.

All this of course stems from multiple investigations into Dell books. What exactly the SEC and the Justice Department suspect it of remains a matter of speculation.

Wind River, also now with two Nasdaq notices in hand, has the same story to tell. It's missing its returns from both the July and October quarter too.

AJAXWorld Draws Record Press Coverage:
The first international AJAXWorld Conference & Expo, which took place on October 2 - 4, 2006, at the Santa Clara Convention Center in Santa Clara, CA, was sponsored by Adobe, Amazon, Apress, Backbase, ComponentArt, Cynergy Systems, Google, Helmi Technologies, IBM, ICEsoft, ILOG, Infragistics, JackBe, Laszlo Systems, Nexaweb, OASIS, Parasoft, Sun Microsystems, telerik, TIBCO, U7 Web Technologies, Visible Measures, Zapatec; including media sponsors AJAX Matters, AJAXWorld Magazine, BZ Media, ColdFusion Developer's Journal, DevtownStation.com, Eclipse Developer's Journal, Eclipse Review, Enterprise Open Source Magazine, Integration Developer News, ITtoolbox.com, Java Developer's Journal, LinuxWorld.com, Methods & Tools, Network World, Open Enterprise Trends, Sarbanes-Oxley Compliance Journal, SD Times, Software Test & Performance, SOA Web Services Journal, SYS-CON.TV, Web 2.0 Journal, and Web Developer's & Designer's Journal.

AJAXWorld Conference & Expo Attending Press and Analysts:
Neal Amodio, American Technology Research; Steve Anglin, Apress; Tony Baer, Datamonitor Computerwire; Jeffrey Bik, Kuehne+Nagel; Steve Bryant, Ziff Davis Media; Dave Burleigh, ValuationCreationCapital.com; Dennis Callaghan, Tech Dealmaker; Rachel Chalmers, Market Insight Service; Frank Coyle, InformIT.com; Lauren Dresnick, Visual Studio Magazine; Howard Dyckoff, Linux Gazette; Yakov Fain, Java Developer's Journal; Denny Fish, JMP Securities First Call Notes; Jeremy Geelan, SYS-CON.TV; James Gilman, Cross Research; Peter Hargrove, IBR News; Pedro Hernander, Jupitermedia; Dion Hinchcilffe, AJAXWorld Magazine; David Jensen, SOAWebServices.org; Oliver Kaven, Ziff Davis Media; Tricia Kerr, Off The Record Research; Paul Krill, InfoWorld; Glen Kunene, DevX.com; Albert Lin, ATR Daily Journal; Norm Martin, IT Newswire; Mark May, Needham & Company; Richard Monon-Haefel, Burton Group; Catherine Nolan, Addison Wesley Newsletters; Terry O'Donnell, JavaPro; M.R.   Pamidi, IT Newswire; Nick Patience, The 451 Group; Andy Patrizio, Internetnews.com; Gary Patterson, High Tech Trade Show Report; Robert Patterson, Metropolitan College of New York; Rosdanys Ramirez Arcas, Software Design Magazine; Venugopal Reddy, Skyworks; Sean Rhody, SOA Web Services Journal; Maria Rodriguez, High Tech Trade Show Report; Ajit Sagar, XML Journal; Tom Sanders, Vnunet.com; Mitchell Sodikoff, Radio Forbes; David Stodder, Intelligent Enterprise; Roger Strukhoff, LinuxWorld Magazine; Jean-Baptiste, Su La Tribune; Ray Valdes, Gartner Research; Nancy Valentine, SYS-CON.com; Peter Varhol, FTP Online; and John Waters, Application Development Trends.

More Stories By SOA News Desk

SOA World Magazine News Desk trawls the world of distributed computing and SOA-related developments for the latest word on technologies, standards, products, and services and brings key information to you in a timely and convenient summary form.

Comments (1) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
SOA Web Services Journal News 12/22/06 02:11:18 PM EST

Dell, which is waist-deep in investigations into how it did its bookkeeping, paralyzing its ability to get its numbers out, has suddenly lost its long-standing CFO Jim Schneider days before Christmas (hmmm) and, in response, Dell Tuesday reached out to its board (hmmm) and named long-time director Donald Carty, erstwhile chairman and CEO of AMR Corporation, the parent company of American Airlines, the world's premier carrier, not only CFO but vice-chairman (hmmm).