Hewlett-Packard

A still from the German CEO Leo Apotheker is fädelter acquisition turns out to Hewlett-Packard as a grave billion. The "serious irregularities" in the accounts of the software company Autonomy were only discovered after Autonomy founder Mike Lynch had resigned in mid-year by the company, HP chief Meg Whitman said Tuesday in a conference call. A manager of the British software company had given a hint. Meanwhile, the U.S. Securities and Exchange Commission and the British SFO investigating authority had been turned on.

The IT company, HP had sales in the past quarter loss of 7 percent suffered . with a net loss of 6.9 billion U.S. dollars Main reasons for this were write-offs associated with Autonomy. The only just discovered "massive inaccuracies" cost the company 8.8 billion U.S. dollars. Otherwise there would have been a quarterly profit in the billions. The stock price of HP broke after the publication of the figures at times by 14 percent to 11.35 U.S. dollars. That's the lowest level in ten years.

Autonomy founder Lynch dismissed the allegations, saying mismanagement by HP. "The previous management team was Autonomy shocked when she saw today's announcement," the quoted Financial Times made ​​a statement. The allegations are incorrect. "HP has examined the books exactly."

HP, however, assumes that Autonomy's leaders have deliberately embellished the accounts in order to drive the price up. Among other revenues were inflated, and the yield has been fined. Of the giant depreciation accounted for more than $ 5 billion to the alleged accounting fraud, and the rest were like a consequential drop in share price. HP now wants to get back to court, what is possible, Whitman announced. However, the process could take years.

Just a few weeks after the takeover pharmacist was sacked because his related plan for the company internally and the stockholders found little friends. The former eBay chief Meg Whitman took the helm in September 2011. The completion of the deal with Autonomy was already in their time. She stressed now that the accountants Deloitte and KPMG had not discovered the balance sheet manipulation.

Apotheker said in a statement on Tuesday, the books of Autonomy had been checked before buying "meticulously". He was shocked and disappointed - if the allegations agreed, had been deceived many. Whitman said in turn: "We are 100-percent to Autonomy". But it will take to bring the daughter to the track.

Hewlett-Packard

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