Tuesday, November 20, 2012

Autonomy fraud

  • UPDATE 3-HP alleges Autonomy wrongdoing, takes $5 bln charge

    HP takes charge for Autonomy software purchase. * HP refers matter to SEC, UK Serious Fraud Office. * Former Autonomy CEO calls allegations 'false'. By Poornima Gupta and Nicola Leske. Nov 20 (Reuters) - Hewlett-Packard Co on Tuesday took a massive ...


  • HP jolted by $8.8 billion fraud

    HP purchased British software firm Autonomy Corp. last year, then hired a forensic accounting firm to review the transaction after an Autonomy executive came forward to reveal the potential fraud, The New York Times reported. The executive came forward ...


  • UPDATE: Hewlett-Packard Claims Fraud at Autonomy, Takes Write-Down

    SAN FRANCISCO--Hewlett-Packard Co. (HPQ) leveled serious accusations Tuesday against a software company it bought last year, saying it would take an $8.8 billion write-down, dropping the value of Autonomy Corp., after it claimed the company's ...


  • HP takes $8.8 bn hit, alleges accounting fraud in Autonomy

    In what could be one of the biggest corporate frauds, HP today said it has taken a $8.8 billion 'charge' on Autonomy, the British software firm it had bought in 2011, as some former executives of the acquired company had wilfully misrepresented accounts.


  • HP: Accounting Fraud Isn't the Worst of It

    Today, HP keeps the investor nightmare alive by simultaneously missing expectations and announcing an $8.8 billion charge on its $10.3 billion acquisition of U.K.


  • HP: Autonomy had 'serious accounting improprieties'

    HP took a massive charge related to its purchase of Autonomy and indicated that it bought the company based on pumped up and fraudulent accounting. In its fourth quarter earnings report, HP recorded a charge of $8.8 billion in its software unit. Then ...


  • HP seeks fraud probe at British firm bought in 2011

    ... at Autonomy forced it to take a massive writedown, and that both US and British authorities should investigate the irregularities.


  • Where Was HP's Management When The Autonomy Deal Was Being Done?

    "Based on this information, HP initiated an intense internal investigation into the allegations, including a third party forensic review of Autonomy's historical financial results. HP has contacted the SEC's Enforcement Division and the UK's Serious ...


  • H-P claims fraud at Autonomy

    Hewlett-Packard levelled serious accusations on Tuesday against a software company it bought last year, saying it would take a $8.8bn writedown after it claimed Autonomy's leadership misrepresented its performance as the deal was being negotiated.


  • HP says acquired company lied about finances

    CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC." HP is taking a charge $8.8 billion charge to align the ...


  • HP Takes $8.8 Billion Write Down Due to Fraud from Autonomy Acquisition

    HP [NASDAQ:HPQ] today reported their earnings for the fourth fiscal quarter ending October 12th. This also wrapped up their results for the fiscal year of 2012.


  • HP accuses Autonomy of lying over finances

    In a statement today (November 20), the computer giant said that it has asked the US Securities and Exchange Commission's Enforcement Division and the UK's Serious Fraud Office to launch a civil and criminal investigation into the alleged malpractice.


  • HP's Autonomy Write-down: Avoidable, With Autonomy Software

    The writedown comes after HP discovered what it says was "a willful effort on behalf of certain former Autonomy employees to inflate the underlying financial metrics of the company in order to mislead investors and potential buyers.


  • HP alleges Autonomy wrongdoing, takes $5 billion charge

    HP took $8.8 billion in charges in the fourth quarter, with $5 billion tied to the problems at Autonomy. HP said it has referred the matter to the U.S.


  • Autonomy Founder: HP's a Bunch of Lying Liars

    It's a startling accusation, and implies depths of incompetence and fraud few would have thought even HP capable of. And yet!


  • All the Bad News at Hewlett-Packard (HPQ) May Not Be Out Yet - Analyst

    Though Lamba says the announcement isn't surprising, the "timing and potential for fraud and misrepresentation by the previous management team at Autonomy is concerning. The analyst said any fraudulent information should have been uncovered earlier ...


  • HP Misses, Q4 2012 Revenue Down 7% To $30B, $6.9B Net Loss, $8.8B Write ...

    Most of the bad news comes from a huge $8.8B write-down for $10.2 billion Autonomy acquisition due to accounting fraud. In its earnings document, HP cites "serious accounting improprieties, disclosure failures and outright misrepresentations." HP CEO ...


  • Hewlett-Packard takes $8.8 bn hit after Autonomy lied about finances

    Hewlett-Packard said it launched the internal investigation after a senior member of Autonomy came forward. The company has avoided calling it fraud, and said that the allegations are related to "disclosure failures" at Autonomy that happened before ...


  • Mid-Day Market Update: Markets Sluggish; Groupon Continues Rally

    Hewlett Packard (NYSE: HPQ ) reported earnings this morning, but what caught traders' attention was the $8.8 billion charge for a company it acquired called Autonomy. CNBC's David Faber came out with some comments alleging fraud, saying Autonomy ...


  • Give full autonomy to central bank

    This was what had happened in the case of the Tk 3,606 crore loan scam involving Sonali Bank, the Hall-Mark Group and five other companies, they said at a discussion organised by the Centre for Policy Dialogue (CPD) on governance of the banking centre ...


No comments:

Post a Comment