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,…

Online Ad Revenue Hits Record $6.3 Billion In Q4

Though U.S. Internet advertising revenues, at $22.7 billion for 2009, showed a 3.4 percent decline from 2008, there are signs of a recovery in the industry, according to the latest report from the Internet Advertising Bureau and PricewaterhouseCoopers.

The fourth quarter of 2009 hit a record quarterly high of $6.3 billion, a 2.6 percent increase year-over-year and a 14 percent increase over the third quarter of 2009.