Breaking News

CORSAIR announces XENEON EDGE 14.5" LCD Touchscreen Club3D announces new products! Firewalla Announces Firewalla Orange, a Portable Multi-Gigabit Cybersecurity Firewall and WiFi 7 Router that Brings Zero Trust Anywhere ENDORFY Palm Rest V2 series delivers comfort with a magnetic pull MSI’s Latest AMD X870E MAX & EVO Series Motherboards

logo

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

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

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

CORSAIR announces XENEON EDGE 14.5" LCD Touchscreen
PC components

CORSAIR announces XENEON EDGE 14.5" LCD Touchscreen

Club3D announces new products!
Enterprise & IT

Club3D announces new products!

Firewalla Announces Firewalla Orange, a Portable Multi-Gigabit Cybersecurity Firewall and WiFi 7 Router that Brings Zero Trust Anywhere
Enterprise & IT

Firewalla Announces Firewalla Orange, a Portable Multi-Gigabit Cybersecurity Firewall and WiFi 7 Router that Brings Zero Trust Anywhere

ENDORFY Palm Rest V2 series delivers comfort with a magnetic pull
Consumer Electronics

ENDORFY Palm Rest V2 series delivers comfort with a magnetic pull

MSI’s Latest AMD X870E MAX & EVO Series Motherboards
PC components

MSI’s Latest AMD X870E MAX & EVO Series Motherboards

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

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