[New post] Autonomy’s Lynch says report shows HP not hoodwinked on $11 billion deal

sskarthik posted: "Hewlett-Packard Co was made aware of practices at Autonomy, including hardware sales and growth rates boosted by different accounting rules, before it bought the firm for $11 billion in an ill-fated deal, according to founder Mike Lynch. HP is suing Lynch" Respond to this post by replying above this line New post on SKarthik.info Autonomy’s Lynch says report shows HP not hoodwinked on $11 billion deal by sskarthik Hewlett-Packard Co was made aware of practices at Autonomy, including hardware sales and growth rates boosted by different accounting rules, before it bought the firm for $11 billion in an ill-fated deal, according to founder Mike Lynch. HP is suing Lynch, and former Autonomy finance director Sushovan Hussain, in London for damages of about $5.1 billion for their management of Autonomy, alleging they engaged in fraudulent activities to boost the value of the company. The report, made public after U.S shareholders pursued action in the United States against HP, also shows KPMG told HP the difference between European and U.S. accounting standards could impact historical growth rates for the company. Read more... sskarthik | September 27, 2015 at 8:12 pm | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3mbx Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/27/autonomys-lynch-says-report-shows-hp-not-hoodwinked-on-11-billion-deal-8/ Thanks for flying with WordPress.com