Hewlett-Packard Co. said that a British company it bought for $10 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
November 21, 2012 at 12:00 AM
1 minute read
Hewlett-Packard Co. said that a British company it bought for $10 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were “serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC.”
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