Hewlett-Packard accuses Autonomy of lying about finances during acquisition

Hewlett-Packard accuses Autonomy of lying about finances during acquisition

www.guardian.co.uk
New HP takes $8.8bn writedown and calls on British and US authorities to investigate 'serious accounting improprieties'Hewlett-Packard has revealed that it has taken an $8.8bn (£5.5bn) charge after "serious accounting improprieties" were discovered at Autonomy, the British tech firm it acquired in 2011 for more than $10bn.The Silicon Valley giant called...
Hewlett-Packard accuses Autonomy of lying about finances during acquisition
                                       

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HP says that it overpaid for Autonomy after management lied about its finances

thenextweb.com
New HP was misled into overvaluing Autonomy when it acquired the software firm last year, the company revealed while disclosing its quarterly earnings today. As a result, it announced a non-cash impairment charge of $8.8 billion, of which it says that “more than $5 billion is linked to serious accounting improprieties,...
HP says that it overpaid for Autonomy after management lied about its finances

HP requests fraud investigation into Autonomy claims

gigaom.com
New Hewlett Packard CEO Meg Whitman said “outright misrepresentations” about the state of Autonomy’s financial health led to HP overpaying for that company last year and Whitman is recommending civil and criminal investigations into that issue. HP took a loss of $6.85 billion ($3.49 per share) for the year ending Oct....
HP requests fraud investigation into Autonomy claims
HP says it had to write off $8.8 billion in Q4 because acquired IT company lied about its books

Liveblogging HP's Q4 Earnings Call

allthingsd.com
New Just joining the HP conference call already in progress. Already the news is amazingly bad, and the shares are hitting lows not seen since 2002, and if they go much lower we’ll be looking at levels not seen since 1994. 5:13 am: Meg Whitman is speaking about Autonomy. She just...
Liveblogging HP's Q4 Earnings Call
HP reports $8.8 billion 'impairment charge' due to allegedly fraudulent Autonomy accounting

HP Misses, Q4 2012 Revenue Down 7% To $30B, $6.9B Net Loss, $8.8B Write-Down For Autonomy Acquisition

techcrunch.com
New HP’s earnings for Q4 ending on October 31 show a gloomy quarter. Revenue is down 7 percent to $30 billion compared to Q4 2011. But the real problem comes from GAAP net income, with a net loss of $6.9 billion, or $3.49 per share, compared to a slim net profit...
HP Misses, Q4 2012 Revenue Down 7% To $30B, $6.9B Net Loss, $8.8B Write-Down For Autonomy Acquisition

HP earnings reel from Autonomy 'accounting improprieties'

news.cnet.com
New For its fourth quarter, Hewlett-Packard records a charge of $8.8 billion in its software unit, which had "serious accounting improprieties...and outright misrepresentations" when HP bought it. [Read more]...
HP earnings reel from Autonomy 'accounting improprieties'

HP Beats Street Amid Sales Declines, Takes $8.8 Billion Charge

allthingsd.com
Hewlett-Packard’s Q4 results just crossed the wires, and they’re bad, but but quite as bad as some of the more cynical had expected. The good news: Earnings per share were $1.16, beating the consensus view of $1.14. The bad news is that sales, at $30 billion, were a half-billion dollars...
HP Beats Street Amid Sales Declines, Takes $8.8 Billion Charge

'Killer robots' should be banned, say human rights groups

www.guardian.co.uk
Autonomous drones that could attack without human intervention would make war easier and endanger civilians, says reportThe use of autonomous drones - "killer robots" that could fire weapons with no human control - must be prohibited by international treaty, human rights campaigners and lawyers have said.Weapons being developed that could...
'Killer robots' should be banned, say human rights groups
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