Technology, Autonomy Corporation Plc | featured news

H-P's Missed Chance to Avoid Autonomy Deal

Among H-P's fumbles, the Autonomy acquisition ranks among the costliest. H-P missed a chance to walk away while several factors pushed it toward a deal it almost instantly regretted.

 

Insight: How a desperate HP suspended disbelief for Autonomy deal

Hewlett-Packard

For Leo Apotheker, the former Hewlett-Packard CEO, a July 2011 meeting with Autonomy founder Mike Lynch at a chic seaside resort in France was pivotal to his effort to remake a storied technology giant.

 

HP says acquired company lied about finances

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."

 

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