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accounting improprieties
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Fusion-Io President David Flynn Has Resigned and Will Be Replaced by Shane Robison
May 10, 2013Fusion-io President and CEO David Flynn has resigned and will be replaced by Shane Robison, the former CTO of Hewlett-Packard. Flynn resigned effective immediately "to pursue entrepreneurial investing activities," according to a news ...
Tags: Computer Products, software
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HP Has Not Been Able to Innovate or Hold on to Talent in Recent Years
Mar 18, 2013HP has not been able to innovate or hold on to talent in recent years, according to former Autonomy boss Mike Lynch. Lynch, who was in charge of Autonomy when it was sold to HP in October 2011 for $11.1bn (£7bn), left the HP ...
Tags: HP, Computer Products
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HP's Purchase of Autonomy Is Under Investigation by The U.K. Serious Fraud Office
Mar 14, 2013Hewlett-Packard's purchase of Autonomy is under investigation by the U.K. Serious Fraud Office, the company said in a regulatory filing ahead of its annual meeting where there are expected to be challenges to the re-election of Chairman Ray ...
Tags: HP, software company, software
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HP's Purchase of Autonomy Is Under Investigation by The U.K. Serious Fraud Office
Mar 14, 2013Hewlett-Packard’s purchase of Autonomy is under investigation by the U.K. Serious Fraud Office, the company said in a regulatory filing ahead of its annual meeting where there are expected to be challenges to the re-election of ...
Tags: HP, Autonomy Acquisition, Investigation
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HP's Purchase of Autonomy Is Under Investigation by The Serious Fraud Office
Mar 13, 2013HP has confirmed that its purchase of Autonomy is under investigation by the Serious Fraud Office (SFO), despite Autonomy's former CEO Mike Lynch (pictured) claiming that he had heard "absolutely nothing" from the investigative body. HP ...
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HP Met with Shareholder Groups This Week
Mar 1, 2013An investor advisor group is asking HP shareholders not to re-elect two long-standing board members and to oppose the ratification of the company’s audit firm in connection with the controversy over the company’s purchase of ...
Tags: HP, shareholders, board members
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U.K.'s Financial Reporting Council Launched a Probe Into Autonomy's Financial Reporting
Feb 18, 2013The U.K.'s Financial Reporting Council has launched a probe into Autonomy's financial reporting over a period of more than two years prior to its acquisition by Hewlett-Packard. Autonomy's reports from January 2009 to mid-2011 will be ...
Tags: UK, financial report, Hewlett-Packard, acquisition
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HP Will Continue to Evaluate Divestitures of Underperforming Parts of Its Business
Jan 5, 2013Hewlett-Packard will continue to evaluate potential divestitures of underperforming parts of its business, and the process could get messy, the company warned its investors in its annual 10-K document, which was filed in late December. ...
Tags: HP, potential divestitures, business, underperforming parts
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The U.S. Department of Justice Is Investigating Its $10.3 Billion Acquisition of Autonomy
Jan 5, 2013HP said in a legal filing Thursday that the U.S. Department of Justice is investigating its $10.3 billion acquisition of enterprise search company Autonomy, which HP alleges inflated its value through accounting tricks. HP also said it ...
Tags: HP, U.S.Department of Justice, acquisition, DOJ investigation
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Class Action Is Filed Against HP After Investors Claim Firm Violated Securities Law
Dec 31, 2012A class action has been filed against HP after investors claim the firm violated federal securities law,following its acquisitions of Autonomy and EDS. The case put forward at the Court for the Northern District of California in San ...
Tags: class action, against HP
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Hewlett-Packard Has Filed a Complaint Against Display Manufacturers
Dec 28, 2012Hewlett-Packard has filed a complaint against display manufacturers Chunghwa Picture Tubes and Tatung Company of America, seeking to recover damages it claims it suffered as a result of their involvement in a price fixing scheme. Chungwha ...
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Hewlett-Packard CEO Meg Whitman Has Once Again Affirmed The Company's Commitment
Dec 28, 2012Hewlett-Packard CEO Meg Whitman has once again affirmed the company's commitment to its embattled Autonomy software division, stressing that HP's fiscal health is stronger than recent developments may have suggested. "It's been a quiet ...
Tags: HP, Whitman, CEO, Autonomy software division
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HP Has Revealed in a Securities and Exchange Commission Legal Filing
Dec 28, 2012HP has revealed in a securities and exchange commission legal filing,that the US Department of Justice has been investigating fraud allegation at Autonomy since last month. HP bought Autonomy in 2011 for$11.7bn,but in November,claimed ...
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Two Big Accountancy Firms Are Named in New Lawsuit Claiming Damages for HP Shareholders
Dec 27, 2012Two of the big four accountancy firms have been named in a new lawsuit claiming damages for HP shareholders following the write-down of Autonomy. HP bought Autonomy in 2011 for $11.7bn, but last week claimed former managers at the UK ...
Tags: HP, Autonomy, SEC, UK software
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Hewlett Packard Released Its Fourth-Quarter Financial Results
Dec 27, 2012Hewlett Packard released its fourth-quarter financial results ahead of schedule Tuesday morning, including a charge for $8.8 billion related to its acquisition of U.K. software firm Autonomy. HP says the bulk of the charge, for impairment ...
Tags: HP, Misled Prior, Autonomy Acquisition