Tuesday, November 20, 2012


  • HP alleges Autonomy wrongdoing, takes $5 billion charge

    (Reuters) - Hewlett-Packard Co on Tuesday took a massive $5 billion charge, claiming a raft of improprieties, misrepresentation and disclosure failures at software firm Autonomy, which it acquired last October for $11.1 billion. HP said it discovered ...


  • "Shocked" ex-Autonomy boss denies HP allegations

    LONDON (Reuters) - Mike Lynch, the former head of Autonomy, considers the accusation of serious accounting improprieties from its new owner Hewlett Packard to be both wrong and shocking.


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

    Autonomy Founder: HP's a Bunch of Lying Liars The HP-Autonomy multi-billion dollar ticklefight has escalated quickly from buck-passing to finger-pointing; in an interview today with the Wall Street Journal, Autonomy founder Mike Lynch gently explains ...


  • Why Didn't HP Make Autonomy Analyze Itself Before Buying It?

    HP has declared that a hefty chunk of its $10 billion acquisition of Autonomy last year was misspent, citing "outright misrepresentations" and taking a write-down.


  • 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 woes hit stock, Whitman, Apotheker

    HP reported a daunting $8.8 billion charge in its fourth quarter, due primarily to serious accounting problems stemming from its $10 billion acquisition last year of British software maker Autonomy. The write-down, combined with a soft quarter overall ...


  • 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: Autonomy had 'serious accounting improprieties'

    Summary: Autonomy had 'serious accounting improprieties, disclosure failures and outright misrepresentations' when HP bought it, the company has said.


  • Auditors take heat for Autonomy writedown

    Before any merger documents were signed, Hewlett-Packard's disastrous acquisition of Autonomy was analysed, vetted and cleared by a long list of Wall Street's premier auditors and advisers, all of which are now sure to face scrutiny.


  • HP slumps on Autonomy scandal before the bell

    The company today took a huge write-down at recent UK acquisition Autonomy and accused previous management of fraudulent accounting and a "wilful effort" to mislead investors and potential buyers.


  • Shifting ground on the city's autonomy

    On July 1, 1997, when the Chinese flag was raised over the former British colony, then president Jiang Zemin declared: "I would like to reaffirm that 'one country, two systems', 'Hong Kong people administering Hong Kong' and 'a high degree of autonomy ...


  • Accounting Impropriety at Autonomy Leads To $8.8B Charge at HP

    In financial statements from autonomy -- software company HP acquired last year. -- company alleges the improprieties occurred before the acquisition.


  • HP Says Autonomy Corporation PLC, Which It Purchased For $10 Billion In 2011 ...

    Among other things, Autonomy makes search engines that help companies find vital information stored across computer networks.


  • Should We Ban 'Killer Robots'? Human Rights Group Thinks So

    And that's the chief concern: that a robot given autonomy to choose who to attack, without human input, could misjudge and either injure or kill unlawful targets like civilians in combat.


  • A Short Seller Saw Autonomy's Problems...

    Chanos told me this morning that in early 2011, months before the HP-Autonomy deal, Autonomy was his biggest European short.


  • HP Announces HUGE Writeoff Due To Accounting 'Improprieties' At Autonomy ...

    The charge relates to serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy that occurred prior to HP's acquisition of Autonomy and the trading value of HP stock during the period preceding the recording of ...


  • Restore full autonomy of NSAs, Lopez urges

    National sports associations (NSAs) must regain full autonomy from the Philippine Olympic Committee to make them more effective and athlete-centered, according to former boxing chief Manny Lopez.


  • 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 ...


  • Hewlett-Packard Profit Forecast; $8.8 Billion Charge

    "Some former members of Autonomy's management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy's acquisition," Hewlett-Packard said today in a ...


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

    H-P, of Palo Alto, Calif., said it was writing down a vast majority of Autonomy, a software company it acquired last year for more than $10 billion, due to "serious accounting improprieties, disclosure failures and outright misrepresentations" at ...


No comments:

Post a Comment