Ron Burgundy Posted February 18, 2014 Share Posted February 18, 2014 (Reuters) - Hewlett-Packard Co's senior executives were aware of certain Autonomy Corp accounting practices months before a whistleblower flagged them, prompting HP to write down the value of Autonomy, the Financial Times reported, citing email records. Palo Alto, California-based HP has said it was a victim for having paid $11.1 billion to buy Autonomy in 2011. It took a writedown of $8.8 billion in November 2012, accusing Autonomy officials of accounting fraud. Autonomy's practice of selling hardware to clients at a loss had been documented by auditors and a report was provided to HP after it bought the British software maker, the FT said. View the full article Quote Link to comment Share on other sites More sharing options...
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