According to the official reports, Dell Inc. has said that it has proposed a settlement with U. S. regulators over the computer maker's accounting for deals with chip giant Intel Corp.

Dell said in a release that staff at the Securities & Exchange Commission agreed to recommend the settlement to SEC commissioners. The settlement would require approval of the SEC and a district court.

The Wall Street Journal reported on Saturday that Dell, based in Round Rock, Texas, provided few specifics of the proposal beyond saying it was in keeping with the company's disclosure last month it was in talks with the SEC concerning "certain accounting and financial reporting matters."

The company set aside $100 million in June as cash for part of the potential settlement.

The Journal has said that the SEC's investigation has led Dell to delay filing some quarterly and annual reports and to restate four years of earnings.

It was further noted by the report that Dell's announcement preceded Friday's annual meeting, where Chief Executive Officer Michael Dell told shareholders, "The growth is back in our business."

Chief Financial Officer Brian Gladden said Dell would look at small or midsized acquisitions to provide more business services before the meeting adjourned within an hour.

It plans to reconvene the annual meeting Aug. 12, giving shareholders a "reasonable amount of time" to consider the information from the SEC investigation and related settlement discussions, Dell further added. (With Inputs from Agencies)