HP’s problems following its 2011 purchase of Autonomy for $11.1 billion are getting worse. Various documents and internal emails reportedly indicate HP knew about the existence of loss-making hardware sales Autonomy allegedly used to bolster its revenue figures well before May 2012, when HP claimed to learn about them from a whistleblower.
In response to the reports, former Autonomy CEO Michael Lynch reiterated that Autonomy was open and above-board about its accounts, and suggested HP CEO Meg Whitman resign.
Loading ...
HP Struggles With Autonomy's Sticky Wicket
Posted by: Richard Adhikari February 18, 2014 02:20 PMHP’s problems following its 2011 purchase of Autonomy for $11.1 billion are getting worse. Various documents and internal emails reportedly indicate HP knew about the existence of loss-making hardware sales Autonomy allegedly used to bolster its revenue figures well before May 2012, when HP claimed to learn about them from a whistleblower.
In response to the reports, former Autonomy CEO Michael Lynch reiterated that Autonomy was open and above-board about its accounts, and suggested HP CEO Meg Whitman resign.