Wednesday, November 21, 2012

TAKE A LOOK - HP takes huge charge, accuses Autonomy

Hewlett-Packard stunned Wall Street by alleging a massive

accounting scandal at its British software unit Autonomy that

will cost the company the majority of $8.8 billion in charges.

It was the latest in a string of reversals that have renewed

questions about the basic competence of the storied company's

board and senior managers.

HP said on Tuesday it discovered "serious accounting

improprieties" and "a willful effort by Autonomy to mislead

shareholders," after a whistleblower came forward following the

ouster of Autonomy's then-chief executive, Mike Lynch, in May.

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TOP STORIES

> HP takes $8.8 bln charge, blames Autonomy

> INTERVIEW-Former Autonomy boss denies HP charge

FACTBOXES

> FACTBOX-HP's waning star, by the numbers

> TIMELINE-HP's tumultuous decade

BREAKING VIEWS

> HP's Autonomess should devour Marc Andreessen

> HP's Autonomy trouble sown by dysfunction

> HP-Autonomy suggests bankers did not compute

REUTERS INSIDER

> Hewlett-Packard takes $8.8 bln charge

(Compiled by Tim Dobbyn)

Source: http://news.yahoo.com/look-hp-takes-huge-charge-accuses-autonomy-232742572--sector.html

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