In HP-Autonomy debacle, many advisers but little good advice

Home Forums In HP-Autonomy debacle, many advisers but little good advice

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    Anonymous

    Technology News

    File photo of HP Invent logo pictured in front of Hewlett-Packard international offices in Meyrin near Geneva(Reuters) – When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction — and none raised a flag about what HP said Tuesday was a major accounting fraud. HP stunned Wall Street with the allegations about its British software unit and took an $8.8 billion writedown, the latest in a string of reversals for the storied company. …


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