HP claims 'extensive evidence' of Autonomy accounting scam
Hewlett Packard says it has discovered "extensive evidence" that an unspecified number of former employees of Autonomy had cooked the books prior to HP's $11.1 billion acquisition of the software company.
In its fourth quarter earnings report last week, HP announced it was taking an $8.8 billion charge related to its purchase of Autonomy. At the time, HP said that it bought the company based on pumped-up and fraudulent accounting. Since then, HP and Autonomy founder and former CEO Mike Lynch have engaged in a public war of words about who was really to blame … Read more