Result of federal investigation of accounting fraud at Dell, the computer maker said Thursday it will take $100 million blame on its first quarter 2011 earnings. Dell and the Securities and Exchange Commission agreed on a settlement, which contains the liability payment and a civil injunctive action against the company. It's a result of Dell's abuse of federal securities laws linked to its accounting practices and a separate investigation into its connection with Intel. The $100 million payment will set up a store as the SEC and Dell work out the final tally of fines the computer maker will pay.

Michael Dell (Chairman & CEO) and the SEC are talk about a separate agreement relating to the Intel relationship. Intel was charged by the Attorney General's Office for paying PC makers, with Dell, rebates to unlawfully continue control power in the chip market and stop AMD from raising business with computer makers.

After a long internal inquiry, Dell admitted in August 2007 that between 2003 and 2006, its accounting department was elusion quarterly numbers to meet Wall Street analyst's financial forecasts. The company was forced to restate its earnings during that time period, company total earnings during that time by $50 million to $150 million. But as result of the SEC's inquiry, Dell will take one more hit to its bottom line. With the summary, Dell's first quarter 2011 earnings are: net income of $341 million and earnings of 17 cents per share. That's in place of the firstly reported $441 million and 22 cents per share.