-
Too Much Autonomy at HP is Costly
- November 20, 2012
- Posted by: Ted Bullen
- Category: Financial Management, High-tech, Information Technology, Mergers and Acquisitions, News
No CommentsHP announced, today, that it would be taking an $8.8 billion charge resulting from accounting anomalies and improprieties discovered at Autonomy, a British Software maker that it bought last year. The announcement has caused HP shares to drop more than 13 percent. The autonomy acquisition was done under former CEO, Leo Apotheker’s watch. The acquisition