Hewlett-Packard Says It Has Evidence of Autonomy Accounting Improprieties

Tuesday, 27 Nov 2012 02:07 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Hewlett-Packard Co. said it’s conducting an “intense” internal investigation and has uncovered extensive evidence of improper accounting at Autonomy Corp., a software company it bought last year.

Responding to a letter by former Autonomy Chief Executive Officer Mike Lynch calling on Hewlett-Packard’s board to explain its allegations, Hewlett-Packard said that the matter was now in the “hands of authorities.”

“While Dr. Lynch is eager for a debate, we believe the legal process is the correct method in which to bring out the facts and take action on behalf of our shareholders,” Hewlett-Packard said in an e-mailed statement.


© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 

You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved