NEW YORK -- Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business. CEO Meg Whitman avoided calling it a fraud, but said Tuesday that there were "serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC."
Comment on HP says acquired company lied about finances
Peter Svensson, Phoenix Arizona Republic: Business
Tue, 11/20/2012 - 4:02am
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