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All Posts Tagged Tag: ‘HP’

Autonomy Founder Issues Open Letter to HP, HP Responds

Ever since HP’s announcement that it will take an $8.8 billion impairment charge, mostly due to what it calls “serious accounting improprieties, misrepresentations, and disclosure failures” at Autonomy prior to its 2011 acquisition by HP, Autonomy founder Mike Lynch has been firing back at the company he says destroyed Autonomy’s value. Lynch claims that he and other former Autonomy executives …

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Autonomy Founder Blames HP For Lost Billions

HP is seeing some massive blowback from its announcement that it has taken an $8.8 billion impairment charge, and that around $5 billion of it is due to ” serious accounting improprieties, misrepresentations, and disclosure failures” at Autonomy. HP purchased the enterprise search and knowledge management service company just over one year ago for $10.2 billion. It claims that soon …

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Autonomy Auditor Denies Knowledge of HP’s Fraud Claims

The fallout from HP‘s allegations of massive accounting fraud at Autonomy continue to grow. Today, an account auditing firm that audited Autonomy’s financials before the company was purchase by HP has denied any knowledge of the accounting improprieties HP alleges. According to a statement obtained by the New York Times, auditing firm Deloitte “categorically denies that it had any knowledge …

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Autonomy Founder Fires Back at HP Amid Accounting Fraud Claims

The founder of enterprise search and knowledge management service company Autonomy is firing back at HP amid allegations that his company used sketchy accounting practices to inflate its value prior to its sale to HP in August 2011. In an interview with the Wall Street Journal (WSJ), Lynch said of HP’s allegations that “they are completely and utterly wrong and …

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HP Logs $8.8 Billion Impairment Charge For Possibly Fraudulent Accounting by Autonomy

Just over one year ago, HP bought Autonomy, an enterprise search and knowledge management service company for $10.2 billion. Today, HP announced it would be taking an $8.8 billion impairment charge due to what it calls “serious accounting improprieties, misrepresentations, and disclosure failures” at Autonomy prior to HP’s acquisition of the company. HP stated that it discovered the fraudulent accounting …

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HP ElitePad Chosen to Fly on Emirates Airlines

HP and Emirates Airlines announced today that HP’s new Windows 8 tablet, the ElitePad 900, has been chosed at the “primary interface” for the airline’s flight crews. As part of Emirates’ new Knowledge-driven Inflight Service (KIS), the tablets will be used to facilitate in-flight communications and also function as part of the customer relationship management system. HP stated that Emirates …

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Cybercrime Costs on the Rise, HP-Sponsored Study Finds

HP and the Ponemon Institute today unveiled a new security study that shows the cost and frequency of cybercrime has risen for the third year in a row. The 2012 Cost of Cyber Crime Study, conducted by the Ponemon Institute and sponsored by HP, found that the average annual cost of cybercrime for U.S. organizations was $8.9 million in 2012. …

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HP Announces ElitePad 900 Tablet

HP is certainly looking to have a large presence in stores this holiday season. In August, the company announced a large lineup of Windows 8 hybrid PCs and Ultrabooks. Last month, HP unveiled its upcoming Windows 8 “sleekbooks.” This week, HP is announcing another Windows 8 tablet, this one aimed squarely at the business market. The HP ElitePad 900, HP …

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HP Announces New Windows 8 “Sleekbooks”

While consumers and the tech press continue to debate whether Windows 8 is well-designed or not, Microsoft now has several manufacturers that are doubling down on its new operating system. Today, HP announced new ENVY computers and two new “sleekbook” laptops that have been designed with Windows 8 in mind. This comes less than a month after HP announced its …

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Hewlett-Packard to Cut 2,000 More Jobs Than Previously Stated

Hewlett-Packard (HP) announced today that it would cut 2,000 more jobs than it originally reported back in May. This brings the total planned layoffs up to 29,000 by the end of fiscal year 2014. According to a Bloomberg report, a regulatory filing today revealed the increased number of layoffs. Back in May, HP announced that it had begun a restructuring …

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HP Beefs Up Its Enterprise Security Solutions

Amid the spectre of job cuts and huge losses, HP seems to be reinventing itself. As many aging hardware manufacturers have, the company is beginning to restructure its business and focus its efforts on providing quality B2B enterprise solutions. Hewlett-Packard (HP) announced today that it has updated its enterprise security solutions. Its updated offerings run the gamut from “intelligent” solutions …

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HP Announces Its Windows 8 Hybrid PC and Ultrabooks

Yesterday at the IFA trade show in Berlin, Samsung debuted a plethora of gadgets, including a Windows 8 tablet, Windows 8 hybrid PCs, and a Windows 8 Phone smartphone. Not to be outdone, HP today announced its own lineup of Windows 8 hybrid PCs and ultrabooks. There had been rumors for most of the year that HP was working Windows …

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