HP accuses Autonomy of wrongdoing, takes $8.8 billion charge

Release time：2012-11-21
Browse：3697

A HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva in this August 4, 2009, file photo.
Hewlett-Packard Co stunned Wall Street by alleging a massive accounting scandal at its British software unit Autonomy and taking an $8.8 billion writedown, the latest in a string of reversals that renewed questions about the competence of the storied company's board and senior managers. HP said on November 20,2012, it discovered "serious accounting improprieties" and "a willful effort by Autonomy to
mislead shareholders," after a whistleblower came forward following the May ouster of former Autonomy Chief Executive Mike Lynch.
REUTERS/Denis Balibouse/Files

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