Maker of expensive printer ink HP has finally won court approval of its settlement with shareholders over its botched Autonomy deal.
US District Judge Charles Breyer in San Francisco granted preliminary approval to the accord Friday, saying that unlike the last proposal it doesn’t provide officers and directors with broad protection against possible lawsuits that have nothing to do with the Autonomy acquisition. more»
The Serious Fraud Office (SFO) has abandoned its probe of an inquiry into Autonomy, taken over by Hewlett Packard.
In a statement, it said there was insufficient evidence for any chance of a realistic prospect of conviction.
HP had accused Autonomy founder and CEO Mike Lynch of fraud related to the sale – an allegation that Lynch has consistently denied. more»
It looks like shareholders are not allowed to collude with HP board members to blame its god-awful Autonomy buy on the British company after all.
Shareholders and HP agreed to bury the hatchet so that they could sue the former owners of Autonomy. more»
A new document, being waved angrily by former Autonomy boss Mike Lynch appears to question how the maker of expensive printer ink wrote down the value of Autonomy.
HP conducted a re-basing exercise after Lynch left. The process was led by Chris Yelland, a senior HP executive who had been parachuted in to Autonomy shortly after the acquisition and went on to run its finance team. more»
A US judge is not happy about a proposed agreement struck between HP and plaintiff shareholders to settle a lawsuit over the computing giant’s acquisition of Autonomy.
US District Judge Charles Breyer rejected several million dollars in fees that shareholder attorneys would have recouped under the settlement. more»
Pundits are grabbing their popcorn as the opening rounds of handbag swinging between HP and the former owners of Autonomy begin in earnest.
HP wants to sue former Autonomy Chief Financial Officer Sushovan Hussain as he seeks to block HP’s settlement of three shareholder lawsuits over its purchase of the British software outfit. more»
Autonomy’s former chief financial officer is seeking to block the maker of expensive printer ink, HP from settling three shareholder lawsuits over its troubled purchase of the British software company.
Sushovan Hussain, said the “collusive and unfair” settlement in which HP officials are wrongly absolved of a $8.8 billion writedown. more»
At its Global Partner Conference event here in Sands conference centre in Las Vegas today, HP boldly said it will spend $5.1 billion on the channel, worldwide, in financial year 2013. It will cut out some channel partners.
Dan Tindall, VP of worldwide channel sales (pictured) gave what he described as an overarching account of HP’s Partner One programme on different levels, including alliances and OEM deals. more»
Following Dell’s acquisition of, er, Dell – taking the behemoth off the public market – CEO Michael Dell has penned an open letter to the company’s customers which promises “organic” and “inorganic” investment. Translation: Dell’s patent-packed Supermarket Sweep shopping spree will be ongoing. more»