Back in November 2012, HP announced its dismal quarterly results and blamed around $5 billion of its $8.8 billion impairment charge on “serious accounting improprieties, misrepresentations, and disclosure failures” at Autonomy prior to its purchase by HP in 2011. Autonomy…
HP Rebuffs Offers For Autonomy, EDS and Opens New Executive Center
The Wall Street Journal is reporting that HP has received offers to buy both Autonomy and EDS. The companies have lost much of their value since being acquired by HP, forcing around 16 billion in write-downs during HP’s last two…
HP Could Sell Off Divisions to Shore-Up Revenue
2012 was certainly a bad year for HP. The company saw its revenues fall and its stock price followed. Tens of thousands of planned layoffs have been announced, and ts last two quarterly reports have included write-downs of more than…
Can HP Survive the Post-PC Revolution?
On November 20, 2012, Hewlett-Packard (HP) announced its second quarterly write-down of over $8 billion dollars in a row. That in itself is cause for alarm, but the fact that HP blamed the write-downs on two of its largest recent…
Autonomy Founder Starts Website to Combat Fraud Allegations
Autonomy founder Mike Lynch has been outspoken since HP leveled accounting fraud allegations against his former company. The executive, who left Autonomy earlier this year, has denied any wrongdoing and has shot back at HP, stating that mismanagement and infighting…
Shareholders Sue Everyone Over HP/Autonomy Deal
When HP announced last week that it was taking an $8.8 billion impairment charge, and that $5 billion it is related to “serious accounting improprieties, misrepresentation, and disclosure failures” at Autonomy before HP acquired the firm, it was clear that…
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…
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…
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.…
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…