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Shares of Hewlett-Packard (NYS: HPQ) appear headed for a new 52-week low today after the company disclosed an $8.8 billion charge related to its acquisition of Autonomy. The stock was off nearly ...
HP Autonomy, previously Autonomy Corporation PLC, was an enterprise software company which was merged with Micro Focus in 2017 and OpenText in 2023 (OpenText had acquired the content management assets of Autonomy in 2016).
HP wrote down Autonomy's value by $8.8 billion within a year of the acquisition. Assistant U.S. Attorney Robert Leach told jurors on Monday they should have no reasonable doubt there was fraud at ...
HP wrote down Autonomy's value by. SAN FRANCISCO (Reuters) -Mike Lynch, the tech founder once hailed as Britain's answer to Steve Jobs, denied wrongdoing at his fraud trial on Thursday in ...
Apotheker initially saw Autonomy as a key piece of his plan to lessen HP’s dependence on selling PCs and printers during the advent of the smartphone. Evidence presented at the trial indicated that HP had internally valued Autonomy at as much as $46 billion, primarily because of its software that helped other businesses quickly find valuable ...
HP acquired Cambridge-based Autonomy, founded by Mr Lynch in 1996, for 11 billion US dollars, but later wrote down its value by 8.8 billion dollars and asked the US Justice Department to ...
HP had bought Autonomy for $11.1 billion in 2011 in one of the UK's biggest tech deals. In 2022, HP won a civil case against Lynch but a High Court judge said that any damages would be less than ...
The not-guilty verdicts reached Thursday by a federal court jury in San Francisco followed an 11-week criminal trial that delved into the history of HP’s 2011 acquisition of Autonomy, a business ...