Autonomy Corp.

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Justice Department Opens Inquiry Into HP Unit

Autonomy's bookkeeping under investigation

(Newser) - Hewlett-Packard says the Justice Department is investigating HP's business software unit Autonomy, which the computer maker has accused of fudging its accounting . HP revealed the investigation in an SEC filing yesterday. The technology company also said it provided information to the UK Serious Fraud Office and the SEC about... More »

Investor Sues HP Over Autonomy's Alleged Fraud

Unit's founder says he's 'shocked' by allegations

(Newser) - As if losing $8.8 billion thanks to alleged accounting malfeasance at its newly acquired Autonomy Corp unit wasn't bad enough, Hewlett-Packard is now facing a lawsuit from an investor over the deal. The shareholder claims HP hid Autonomy's problems, issuing false and misleading statements, Bloomberg reports. "... More »

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

Company says it has alerted regulators

(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 of Autonomy's management team"... More »

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