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    Blame game after HP multi billion euro writedown - Forum

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    Forum moderator: arya, dethalternate 
    Forum » untoten.reich » World News » Blame game after HP multi billion euro writedown (video)
    Blame game after HP multi billion euro writedown
    aryaDate: Thursday, 22-November-2012, 0:47 AM | Message # 1
    --dragon lord--
    Group: lords
    Messages: 4447
    Status: Offline


    American computer giant Hewlett-Packard has asked US and UK authorities to investigate what it claims was a, "wilful effort to mislead" by UK company Autonomy.

    The request comes following their takeover of the software group.

    HP said it recorded a 6.8 billion euro writedown because of the purchase pushing the company to a 5.3 billion loss.

    "We did a whole host of due diligence but when you are lied to, it's hard to find," said Meg Whitman, HP's chief executive.

    Autonomy reject the allegations with former Chief Executive Mike Lynch believing HP is trying to deflect from its worst financial results in its 70-year history.

    The American company is also focusing on Deloitte the accountancy firm which audited Autonomy's accounts.

    The takeover was completed last October at a cost of 9.3 billion euros.


     
    Forum » untoten.reich » World News » Blame game after HP multi billion euro writedown (video)
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