Autonomy’s pre-HP accounting comes under UK scrutiny
The UK’s Financial Reporting Council has opened an investigation into Autonomy’s reported financials in the two-and-a-half years leading up to its disastrous sale to HP. Read more »
From Apple Maps to Autonomy: Top tech blunders of 2012
For every high point of 2012, there were also a few forehead-slapping moments. From Apple Maps to HP’s Autonomy to the Facebook IPO, here’s the best of the worst. Read more »
This week in cloud: HP saga roils on, Cisco buys Meraki, Amazon’s tax bite
photo: Flickr / mrs. tom
Hewlett-Packard’s Autonomy woes just keep on rolling; Cisco drops $1.2 billion on Meraki’s Wi-Fi smarts; and Amazon’s retail operations face sales tax bite on in more states — sparking questions on the impact on cloud services. Read more »
Why European startups should be furious about Autonomy
photo: Shutterstock / drser
Meg Whitman’s claims that Autonomy executives deliberately misled HP over its $11 billion acquisition are under investigation by the authorities. But whatever the truth, the damage is already done, as the affair further erodes the fragile relationship between Silicon Valley and Europe’s brightest technology companies. Read more »
Report: Feds look into HP claims of Autonomy fraud
photo: Flickr / cliff1066
The Federal Bureau of Investigation is looking into HP’s allegations that former Autonomy management misled the company about its books, according to a Bloomberg News report. The SEC brought in the FBI because criminal acts have been alleged by HP management. Read more »
Former Autonomy execs reject HP’s fraud charges
Autonomy’s former management, including Mike Lynch, deny HP charges that they misled, practiced bad accounting and failed to disclose key information to HP prior to its acquisition of Autonomy. HP has asked the US and UK authorities to pursue a criminal investigation. Read more »
HP requests fraud investigation into Autonomy deal
Update: Hewlett Packard charges Autonomy with accounting improprieties, misrepresentations and disclosure failures and is pushing US and UK authorities to pursue criminal action. The company said $5 billion of an $8.8 billion charge is related directly to Autonomy’s misbehavior. Read more »
Autonomy founder Lynch to leave HP
The big news out of Hewlett-Packard’s second quarter earnings call is that the company will lose 9,000 employees in FY 2012, with former Autonomy CEO Mike Lynch among the departed. Enterprise software chief Bill Veghte will take over stewardship of Autonomy. Read more »
