Former managers at British tech firm deny claims and accuse HP of destroying a 'world leader' Hewlett-Packard has revealed it has taken an $8.8bn (£5.5bn) writedown after "serious accounting improprieties" were discovered at Autonomy, the British tech firm it acquired in 2011 for more than $10bn. HP called on the US and British authorities to investigate what it called "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy" before the acquisition. T...
Hewlett-Packard blames Autonomy 'improprieties' for $8.8bn writedown
The Guardian - 20 Nov 2012 23:59
Former managers at British tech firm deny claims and accuse HP of destroying a 'world leader' Hewlett-Packard has revealed it has taken an $8.8bn (£5.5bn) writedown after "serious accounting improprieties" were discovered at Autonomy, the British tech firm it acquired in 2011 for more than $10bn. HP called on the US and British authorities to investigate what it called "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy" before the acquisition. T...
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