IDG News Service - Hewlett-Packard's bombshell revelation that it would take a $8.8 billion non-cash writedown after allegedly discovering major accounting fraud related to its Autonomy business unit has rocked the tech world. But the ...
Tags: Hewlett-Packard, bombshell, silver lining, Meg Whitman
Autonomy founder and former CEO Mike Lynch has written an open letter to HP calling for immediate and specific explanations to the allegations HP has made about the software company. HP bought UK software company Autonomy for $11.7bn in ...
Tags: HP, software company, software, HP allegations
HP is not the first to have referred Autonomy to the Serious Fraud Office,according to UK IT consultant Alan Pelz-Sharpe(pictured). HP bought Autonomy in 2011 for$11.7bn.But yesterday,HP wrote down the value of Autonomy by$8.8bn,accusing ...
Tags: Alan Pelz-Sharpe, HP, accounting improprieties, SEC