Tag Archives: Autonomy

UK police end Autonomy investigation

HPThe 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»

Mike Lynch gives HP a slap

cableA 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»

Autonomy chief financial officer wants to block HP settlement

HPAutonomy’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»

HP to throw $5.1 billion into the channel

HP, tindall, channel, resellers, sands conference centre, palazzo, venetianAt 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»