Saturday, July 31, 2010
Looking back...
Friday, July 30, 2010
Whizzing through Baltimore
Thursday, July 29, 2010
Running in Nashville
Wednesday, July 28, 2010
A Cingular Experience
Tuesday, July 27, 2010
Running in Boston
Monday, July 26, 2010
Willow and Run
Sunday, July 25, 2010
Triathlon
Saturday, July 24, 2010
Dawson's Run
Friday, July 23, 2010
Dell Inc. paying $100 million in SEC deal - Yahoo! Finance
Under the settlement with the Securities and Exchange Commission, company Chairman and CEO Michael Dell also agreed to pay a separate $4 million civil penalty.The settlement culminated a five-year investigation by the agency. While the $100 million fine was far from the largest penalty levied by the SEC, the decision to charge a sitting chief executive of a major company and reach a seven-figure settlement with him is rare. Founder Michael Dell is one of the most prominent figures in the technology industry, credited for revolutionizing the PC market by making the computers cheap and widely accessible.The SEC had accused Michael Dell, former CEO Kevin Rollins and former Chief Financial Officer James Schneider of playing a role in the company's alleged violations of disclosure laws. Schneider and two other former executives were charged with taking part in the alleged fraudulent accounting.Dell, based in Round Rock, Texas, is the world's third-largest PC maker behind Hewlett-Packard Co. and Taiwan's Acer Inc. The company's net income was $441 million in its fiscal first quarter this year, which ran from February through April.The SEC said the company also failed to disclose to investors large payments it received from Intel Corp. in exchange for not using central processing units made by Intel's main rival, Advanced Micro Devices Inc. Those payments enabled Dell to meet its quarterly earnings targets, the agency said. After Intel stopped the payments, Dell again misled shareholders by not disclosing the real reason its profits had dropped, according to the SEC.The company, Michael Dell, Rollins and Schneider falsely portrayed the means by which the company met or surpassed earnings targets from 2001 through 2006, the SEC said in a civil lawsuit. Without the payments from Intel, the agency said, Dell would have missed analysts' estimates in every quarter during that span.The company and Michael Dell neither admitted nor denied wrongdoing. But they did agree to refrain from future violations of the securities laws. The company also agreed to improve its disclosure process by hiring an outside consultant and expanding its training of employees.The presiding director of Dell's board, former senator Sam Nunn, issued a statement saying the board believes that the settlement is in the best interests of the company, its customers and shareholders. The board "reaffirms its unanimous support for Michael Dell's continued leadership and the management team in its ongoing commitment to transparent accounting, integrity in financial reporting and strong corporate governance," Nunn said.Michael Dell said: "We are pleased to have resolved this matter. We are committed to maintaining clear and accurate reporting of our periodic results, supporting our customers and executing our growth strategy."The SEC also named Rollins, Schneider, former regional Vice President of Finance Nicholas Dunning and former Assistant Controller Leslie Jackson in the suit.Rollins agreed to pay a $4 million civil penalty. Schneider is paying a $3 million penalty as well as $83,096 in restitution and $38,640 in interest. Dunning is paying a $50,000 penalty. In addition, Schneider agreed to a five-year suspension from working as an accountant for a public company; Dunning and Jackson agreed to three-year bars.The SEC said its investigation of the Dell matter and the possible role of other individuals continues."Accuracy and completeness are the touchstones of public company disclosure under the federal securities laws," SEC Enforcement Director Robert Khuzami said in a statement. "Michael Dell and other senior Dell executives fell short of that standard repeatedly over many years, and today they are held accountable."The company said last Friday that it was getting closer to settling the SEC's investigation and had proposed settlement terms to the agency's enforcement staff. Dell already had set aside $100 million to cover the potential cost of the settlement.The company first disclosed an internal inquiry into its accounting in 2006, and said it was notified in August of that year of the SEC investigation. In 2007, it restated four years of earnings after it found that sales had been overstated by $359 million and income by $92 million.
Thursday, July 22, 2010
A Young Garden
It feels good to see the young ones get involved in gardening and get excited.
Wednesday, July 21, 2010
Tuesday, July 20, 2010
Learning to Fly
Monday, July 19, 2010
Crossed and Countried
Sunday, July 18, 2010
Humidity Hurts
Saturday, July 17, 2010
Runners and Dogs
Friday, July 16, 2010
Runner's definition of Insanity
Thursday, July 15, 2010
Johnson Park
Wednesday, July 14, 2010
San Francisco
Tuesday, July 13, 2010
A Jerk- y affair
Monday, July 12, 2010
McLachlan-ian memories
In the early nineties I had a young lady friend who was also interested in the music of Sarah McLachlan. We also enjoyed discussing the music of other singers like Tori Amos and Natalie Merchant.
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In that time, she didn’t write many songs, but she never strayed far from music – she found herself at her piano almost daily, “just noodling as a release more than anything.”
“I was going through a tough time emotionally – coming to terms with being 40, being a single mom, going through a divorce,” she said. “It was a huge adjustment, a shift in a perception of how my reality is shaped, and it took a while to start moving forward again.”"
Sunday, July 11, 2010
Spain's Bull Run
Spain clearly was the better team today, and the football gods and goddesses ensured that Spain's bull gored the Dutch. An enjoyable football game.
Saturday, July 10, 2010
Friday, July 9, 2010
Telling about Tellabs
Thursday, July 8, 2010
Sprint-ing away
Wednesday, July 7, 2010
Tuesday, July 6, 2010
A good run
Monday, July 5, 2010
So Far Away
Sunday, July 4, 2010
Hot and Steamy...Run
Saturday, July 3, 2010
Heading South...America, that is.
Friday, July 2, 2010
Ghana kicked out
Thursday, July 1, 2010
New Orleans and San Antonio, but not Houston
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