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Meg Whitman Says HP Was Defrauded By Autonomy; HP Stock Plunges

Posted by timothy on from the damn-english-ravines dept.

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.

3 of 237 comments (clear)

  1. Corp looking to committ suicide? Hire female CEO! by Anonymous Coward · · Score: 0, Troll

    Seriously, I hate to be sexist about this, but how often now do we have to see this pattern repeat before we acknowledge that hiring a catty, spoiled, narcissistic bitch to lead your company is a HORRIBLE FUCKING IDEA!

  2. Re:Meg, Carly by localman57 · · Score: -1, Troll

    True, but if you read the article you'd see that the Autonomy writedown is only a portion of the loss.

    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!

    Ah, yes. I've heard of this before. Math that Republicans do to make themselves feel better, Right?

  3. Re:Meg, Carly by slashmydots · · Score: 0, Troll

    I don't think you're going to stop women from buying things on emotion and then regretting it later when they actually look into the technical details, lol. That's been going on for centuries.