Follow Slashdot stories on Twitter

 



Forgot your password?
typodupeerror
Trust the World's Fastest VPN with Your Internet Security & Freedom - A Lifetime Subscription of PureVPN at 88% off. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. ×
Crime

Submission + - HP to actively 'seek redress' for alleged Autonomy accounting fraud (computerworlduk.com)

concertina226 writes: Hewlett-Packard is planning to "aggressively" seek recompense for alleged accounting fraud related to the acquisition of its Autonomy unit, which resulted in the vendor taking a non-cash impairment charge of £5.5 billion (US$8.8 billion).

  HP acquired Autonomy in 2011 for $10.3 billion under the leadership of then-CEO Leo Apotheker, who was ousted after a short and tumultuous run at the troubled company. On Tuesday, HP said an internal investigation has found Autonomy was "substantially overvalued at the time of its acquisition due to the misstatement of Autonomy's financial performance, including its revenue, core growth rate and gross margins, and the misrepresentation of its business mix."

This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

HP to actively 'seek redress' for alleged Autonomy accounting fraud

Comments Filter:

UNIX is hot. It's more than hot. It's steaming. It's quicksilver lightning with a laserbeam kicker. -- Michael Jay Tucker

Working...