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Meg Whitman Says HP Was Defrauded By Autonomy; HP Stock Plunges
McGruber writes "CNBC is reporting that Meg Whitman claims HP was defrauded in its purchase of Autonomy. 'We believed there is a willful effort on the part of certain members of Autonomy management to mislead shareholders when Autonomy was a publicly traded company, and to mislead potential buyers including HP,' Whitman said. 'We stand by the forensic review that we've seen,' she added. I wish her the same level of success I had when I filed an eBay claim."
Also covered at SlashBI, which names the write-down damage: $8.8 billion.
I would like to recommend Carly for the CEO of AT&T.
I remember waybackwhen I last consumed a Hostess Twinkie. It wasn't very edible and I never thought it was very satisfying - neither the breading nor the creamy center. It always felt like a triumph of sales over cooking. I was amazed what the labor unions wanted from the company when Hostess went under. Maybe this is something different, but somehow it rings true.
Yes, but you can use eBay to buy knock off toner cartridges, thereby denying HP of revenue.
It's HP, printing money would end up costing you more in ink than the counterfeit bills would be worth.
I read the internet for the articles.
Actually, you have that back-to-front. The loss was $6.9B while the writedown was $8.8B, so without the writedown, HP would have reported a profit!
The real "Libtards" are the Libertarians!
Ok, she is not directly responsible for this fiasco although she does admit to voting for the sale. Just seems odd that one bad move after another seems to follow her wherever she goes. Honestly, I think that her and Carly are locked in a fierce battle for worst CEO of all time. Oops...look out...Balmer is closing fast...
Look at the picture on CNBC.
I'm pretty certain, based on this evidence, that Meg Whitman is Steve Ballmer in drag.
"Flyin' in just a sweet place,
Never been known to fail..."