Dell Proposes Settlement to SEC Staff Over Intel Case
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Dell Inc., the computer maker under investigation by the U.S. Securities and Exchange Commission, proposed a settlement related to allegations about its relationship with Intel Corp.
The SEC’s staff will recommend the commission approve the proposal, Round Rock, Texas-based Dell said today in a statement. The proposal’s terms are the same Dell disclosed in June, when it said it was in discussions with the SEC. Under those, Dell would be subject to a fine, and Michael Dell would be allowed to continue as chief executive officer.