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HP Claims Fraud in Autonomy Write Down

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#1 M_Lyons10

M_Lyons10

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Posted 20 November 2012 - 16:19

I did a search to see if this had been posted before, but didn't find anything (So sorry if it was). The forum's requirement that a word have more than two letters makes searching for "HP" rather difficult. lol

But this is rather interesting:

http://online.wsj.co...2448913412.html

What this doesn't answer though is, wouldn't HP have done due diligence prior to a purchase of that size (Or any purchase for that matter)?

It sounds like HP's own accounting and acquisitions department is at fault here. What a mess.


#2 Growled

Growled

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Posted 21 November 2012 - 01:49

It sure is a mess. I blame HP, myself.

#3 OP M_Lyons10

M_Lyons10

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Posted 21 November 2012 - 13:54

It sure is a mess. I blame HP, myself.


I do as well, but they did hire two firms to do due diligence for them (Clearly a mistake) and both of those companies gave Autonomy a stamp of approval. I wonder if these firms would be culpable in any way...