HP: New Acquisition Cheated Us, Cost Us $8.8B

Company says it has alerted regulators

By Kevin Spak,  Newser Staff

Posted Nov 20, 2012 10:36 AM CST

(Newser) – Hewlett-Packard is accusing Autonomy Corp, which it purchased last year for $10.3 billion, of falsifying its finances—leading HP to take an $8.8 billion charge to sync Autonomy's accounting value with its real value. In a statement, HP accused "former members...   Read full story »


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