Dell slapped with lawsuit over $1 Billion in kickbacks
The GOP money machine from Austin, Texas is in for some troubled times these days and Michael Dell, who could never heap enough praise on Bush is back in charge. So here we apparently have yet another pro-business GOP activist company who somehow was unable to run a profitable business business without sneaky and illegal back room business deals.
Dell hit by $1bn lawsuit over alleged kickbacks
Michael Dell, who this week returned to day-to-day control of the troubled computer maker that bears his name, has been slapped with a lawsuit alleging he and the company benefited from billions of dollars in kickbacks from the chip maker Intel.
America’s highest-profile class action lawyer, Bill Lerach, filed a suit against Dell, its directors and the accountants PricewaterhouseCoopers, alleging that the company used the payments to prop up quarterly profits.
The central claim is that Intel gave Dell steep discounts in return for freezing out rival chip makers, particularly Advanced Micro Devices. Several investors have argued that Dell’s refusal – until last year – to use AMD chips was one reason why it has ceded market leadership to Hewlett-Packard.
I didn’t know Dell was a "GOP money machine!" Shame on me! But I do now…
Geez! Your wife is sitting here reading this on your daughter’s Dell.