NEW YORK -- Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. 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 Says Acquired Company Lied About Finances
Peter Svensson, Phoenix Arizona Republic: Business
Tue, 11/20/2012 - 4:02am
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