HP to take $8.8 billion write-down on Autonomy, cites fraud

HP to take $8.8 billion write-down on Autonomy, cites fraud

www.electronista.com
New Today, HP announced that it would take an $8.8 billion write-down on Autonomy, the British software company HP bought last year, claiming that Autonomy had misrepresented its finances considerably. HP bought the company for more than $10 billion last year in the midst of an abortive shift away from computer...
HP to take $8.8 billion write-down on Autonomy, cites fraud
                           

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Yes, The Accounting Fraud At HP Is Pathetic, But That Wasn't The Worst News In The Report... (HPQ)

www.businessinsider.com
New HP's discovery of apparent accounting fraud at a company it  paid $11 billion for is the latest humiliation for the once-great tech giant. In any major acquisition, lawyers (should) crawl all over the acquisition target, reviewing all contracts, interviewing all relevant employees, and deeply understanding all of the revenue recognition...
Yes, The Accounting Fraud At HP Is Pathetic, But That Wasn't The Worst News In The Report... (HPQ)

HP Stock Price Drops 12.4 Percent After Huge Unexpected $8.8 Billion Loss

techcrunch.com
New At market opening today, HP took a big hit, with shares (NYSE:HPQ) trading at 11.65, 12.41 percent below yesterday’s level. The company announced disappointing earnings before market opening. As analysts expected a $2.2 billion of net profit, the $8.8 billion loss came as a very bad last minute surprise. HP...
HP Stock Price Drops 12.4 Percent After Huge Unexpected $8.8 Billion Loss

HP takes $8.8 billion charge on Autonomy accounting improprieties

www.computerworld.com
Hewlett-Packard is taking an $8.8 billion charge as a result of what it called serious accounting improprieties that occurred at U.K. software company Autonomy before it acquired the firm in 2011....
HP takes $8.8 billion charge on Autonomy accounting improprieties
Jim Chanos Nailed The HP Debacle In One Slide

HP Is Asking For A 'Criminal' Investigation To Shady Accounting From The Company It Bought For $10 Billion (HPQ)

www.businessinsider.com
The HP disaster got even more disaster-y this morning when it announced an $8.8 billion writedown due largely to accounting fraud at Autonomy, which it bought for $10.2 billion last year. And it sounds like the writedown is just the beginning of this Autonomy story. On the earnings call, CEO...
HP Is Asking For A 'Criminal' Investigation To Shady Accounting From The Company It Bought For $10 Billion (HPQ)

Hewlett-Packard accuses Autonomy of lying about finances during acquisition

www.guardian.co.uk
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

HP: 'Autonomy misled on finances'

www.bbc.co.uk
Computer maker Hewlett Packard asks US and UK authorities to investigate alleged misrepresentations of Autonomy's finances before HP took over the UK software group last year....
HP: 'Autonomy misled on finances'

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

thenextweb.com
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
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
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