The man who engineered HP's disastrous $11.1 billion purchase of Autonomy — a company whose accounting improprieties just cost the laptop behemoth a whopping $9 billion — is Léo Apotheker. So what does the man who let an acquisition of this size go through without proper due diligence think about the deal after today's revelations? Read More >>
Featured comment by Chidmas:
"Yes however Im not sure he's an accountant, if the accounting firm couldn't spot it then I doubt he would have spotted it. If the cover up is true the..." More »
All is not well at Meg Whitman's HP, we learned during the company's fourth-quarter earnings call this morning. HP just recorded a $9 billion devaluation of its assets stemming from serious accounting tomfoolery at a company that HP bought for $10 billion last year. Ouch. Read More >>
Featured comment by emmanuel.makris:
"I find the HP story incredible. So Autonomy overvalued their business by approx. 90%. And HP, one of the biggest and most experienced organisations ..." More »
Unless companies are suing each other over patents, you can expect a level of disconnected PR speak when companies talk on the record about each other. Unless you disrespect Oracle, then it's on. Read More >>
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