HP-Autonomy Write-Down: This Year's Other Notable Deal Charges
Hewlett-Packard's $8.8 billion write-down of Autonomy looks to be the largest write-down of an acquisition this year, but it is not the only ugly looking charge.blogs.wsj.com
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.blogs.wsj.com
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 ...gizmodo.com
"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. In an interview with Reuters, a "shocked" Lynch said he was ...www.chicagotribune.com
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.www.huffingtonpost.com
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 ...www.usatoday.com
Why Didn't HP Make Autonomy Analyze Itself Before Buying It?
Autonomy makes software that recognizes subtle patterns in data. And it never occurred to HP to require Autonomy to focus its tools on itself before buying it? That's evidence of managerial stupidity, at best, and no amount of blaming former executives ...www.forbes.com
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 ...www.reuters.com
HP slumps on Autonomy charge as Wall Street, FTSE 100 stumble
In a statement the US firm added: "HP is extremely disappointed to find that some former members of Autonomy's management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the ...www.proactiveinvestors.co.uk
Auditors take heat for Autonomy writedown
Perella Weinberg, another boutique, and Barclays advised HP. Autonomy's accounts were audited by Deloitte's office in Cambridge - where the software company was founded - and the 2010 accounts were signed off on by Nigel Mercer, a senior manager in ...www.ft.com
HP stock plunges on Autonomy revelations
PALO ALTO -- Hewlett-Packard's (HPQ) stock plunged more than 11 percent Tuesday after the company disclosed it had failed to detect "outright misrepresentations" regarding the value of Autonomy before buying the United Kingdom software firm for more ...www.insidebayarea.com
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.video.foxbusiness.com
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 ...money.msn.com
Hewlett-Packard Profit Forecast; $8.8 Billion Charge
"The idea was to re-purpose HP as a software-based business of which Autonomy would have been the core, and now HP keeps driving, not knowing where to turn, and here we have the finger of blame," said George O'Connor, an analyst at Panmure Gordon ...www.bloomberg.com
HP says fraud prompted $5B overpayment for co.
HP CEO Meg Whitman said executives at Autonomy Corporation PLC "willfully" boosted the company's figures through various accounting tricks, which convinced HP to pay $9.7 billion for the company in October 2011. Autonomy's former CEO said HP's ...www.businessweek.com
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 ...www.automatedtrader.net
HP takes $8.8 bn hit, alleges accounting fraud in Autonomy
"HP is extremely disappointed to find that 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 ...www.thehindubusinessline.com
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 ...www.businessinsider.com
A Short Seller Saw Autonomy's Problems...
... may have been a surprise to Hewlett-Packard, its auditors, its bankers and its executives, it wasn't to short-seller Jim Chanos.www.cnbc.com
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.www.brightsideofnews.com
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