Thursday, November 29, 2012

HP's Big Autonomy Flap: Much Ado About Not Much News - Seeking Alpha


"if HP can prove its claims of financial wrongdoing at Autonomy, the company could potentially recover a portion of the more than $5 billion loss it attributes to those problems. HP has already stated that it is likely to pursue financial redress through the civil courts. Autonomy's founder and former CEO Mike Lynch has emphatically denied wrongdoing, but HP's management would not have made such serious allegations unless they had solid evidence. (The need for thorough investigation probably explains why the company waited until now to disclose the accounting problems.)"
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