Woe is HP. The company recently made headlines with news that its Autonomy division, which sells a number of products for enterprise content management (ECM), search and discovery, customer experience management, and more, misrepresented its financial situation to get itself acquired by HP. Indeed, HP says its pain from this misreprentation comes to about $5 billion (USD).
In a press
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acquired by HP. Indeed, HP says its pain from this misreprentation comes to about $5 billion (USD). In a press release HP said: HP is extremely disappointed to find that some former members of Autonomy’s management team used accounting improprieties, misrepresentations and disclosure failures to inflate the underlying financial metrics of the company, prior to Autonomy’s acquisition by HP. These efforts appear to have been a willful effort to mislead investors and potential buyers, and severely