Breaking News

Nikon releases the Z5IIC full-frame mirrorless camera Announcing the New ASUS Googlebook 14 Razer Unveils Kiyo V2 Pro 4K Webcam Transcend Launches 64GB DDR5-6400 Embedded DRAM Modules for High-Speed Performance and Enhanced System Stability Hollyland Introduces LARK M3 Wireless Audio System

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

DoJ Inverstigates Autonomy Case, HP says

DoJ Inverstigates Autonomy Case, HP says

Enterprise & IT Dec 28,2012 0

HP says the U.S. Justice Department is investigating the business software unit Autonomy after the computer maker said the business engaged in improper accounting before HP bought it. In a filing with the Securities and Exchange Commission on Thursday, HP said Justice officials had informed the company on Nov. 21 that they were opening an investigation. HP also said that it provided information to the SEC and the U.K. Serious Fraud Office related to "accounting improprieties, disclosure failures and misrepresentations at Autonomy."

HP acquired Autonomy for $10 billion in 2011. The company took an $8.8 billion charge to reflect that the U.K. company isn't worth what it paid. HP says about $5 billion of that charge stemmed from improper accounting.

Autonomy founder Mike Lynch has said he would defend the company's accounts to U.S. Federal investigators.

Tags: HP
Previous Post
ASUS Launches VivoTab Smart Tablet
Next Post
Optical Disc Prices To Rise In 2H13

Related Posts

  • An Intel-HP Collaboration Delivers Next-Gen AI PCs

  • OMEN AND HYPERX POWER UP COOLEST PORTFOLIO YET FOR PERSONALIZED PLAY

  • New KIOXIA RM7 Series Value SAS SSDs Debut on Hewlett Packard Enterprise Servers

  • HYPERX EXPANDS CONSOLE GAMING HEADSET LINEUP WITH CLOUD STINGER 2 FOR PLAYSTATION AND CLOUDX STINGER 2 FOR XBOX

  • KIOXIA first to launch data center NVMe E3.S SSDs on Hewlett Packard Enterprise systems

  • HP debuted its newest HP Spectre and HP Envy laptops

  • HP Announces Omen 16 and Victus 15 new gaming laptops

  • HP Threat Research Shows Attackers Exploiting Zero‐Day Vulnerability Before Enterprises Can Patch

Latest News

Nikon releases the Z5IIC full-frame mirrorless camera
Cameras

Nikon releases the Z5IIC full-frame mirrorless camera

Announcing the New ASUS Googlebook 14
Enterprise & IT

Announcing the New ASUS Googlebook 14

Razer Unveils Kiyo V2 Pro 4K Webcam
Consumer Electronics

Razer Unveils Kiyo V2 Pro 4K Webcam

Transcend Launches 64GB DDR5-6400 Embedded DRAM Modules for High-Speed Performance and Enhanced System Stability
Enterprise & IT

Transcend Launches 64GB DDR5-6400 Embedded DRAM Modules for High-Speed Performance and Enhanced System Stability

Hollyland Introduces LARK M3 Wireless Audio System
Cameras

Hollyland Introduces LARK M3 Wireless Audio System

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

SoundPeats C30

SoundPeats C30

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed