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November 2012: HP takes an $8.8 billion impairment charge, linking more than $5 billion of it to serious accounting improprieties, misrepresentation, and disclosure failures at Autonomy discovered ...
Autonomy had 'serious accounting improprieties, disclosure failures and outright misrepresentations' when HP bought it, the company has said.
HP Autonomy is going through a rebirth—with a reinvigorated employee base and several ambitious new initiatives.
Due to the Autonomy write-down, HP reported a substantial quarterly loss. The Palo Alto, Calif.-based company said its net loss for its fiscal fourth quarter, which ended Oct. 31, was $6.9 billion.
HP is now taking an $8.8 billion charge to align Autonomy's purchase price with what HP now says is its real value. More than $5 billion of that charge is due to false accounting, HP said.
Maybe HP’s $10 billion bid for enterprise software-infrastructure star Autonomy isn’t so crazy after all. After all, Autonomy gives HP a roster of 20,000 global enterprise-software clients ...
HP's late-2012 discovery of Autonomy's accounting missteps in part led to a massive $8.8 billion writedown of the company. One arm of Autonomy had understated its pretax loss, ...
HP's third quarter earnings are clouded by Autonomy's underperformance, a year after HP 'bet the farm' on software. On the one-year anniversary of HP's radical strategy change, Autonomy's earnings ...
Under the terms of the settlement, involving three lawsuits, the attorneys for the shareholders have agreed to drop all claims against HP’s current and former executives, including CEO Meg ...
HP Autonomy Software boss Robert Youngjohns says the software business unit is cutting some jobs, citing a 'transition' in the Autonomy Aurasma augmented reality software business for mobile devices.
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HP stuck ‘on the horns of a dilemma’ as it mulls pursuing Mike Lynch’s family for $4 billion Autonomy claim - MSNHP stuck ‘on the horns of a dilemma’ as it mulls pursuing Mike Lynch’s family for $4 billion Autonomy claim. ... hasn’t ruled out pursuing a payout over its botched Autonomy deal.
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