Ex-Autonomy CEO "flatly-rejects" HP charges
LONDON (Reuters) - Mike Lynch, the former chief executive of Autonomy, on Tuesday "flatly rejected" allegations made by the company's new owner Hewlett Packard (HPQ.N) regarding "serious accounting improprieties".
In a brief statement released to Reuters, a spokeswoman said the former management of Autonomy denied the allegations.
"The former management team of Autonomy was shocked to see this statement today, and flatly rejects these allegations, which are false," she said.
"HP's due diligence review was intensive, overseen on behalf of HP by KPMG, Barclays (BARC.L) and Perella Weinberg. HP's senior management has also been closely involved with running Autonomy for the past year."
HP said on Tuesday it was taking an $8.8 billion charge related to its acquisition of software firm Autonomy, citing the accounting improprieties.
(Reporting by Paul Sandle; writing by Kate Holton; editing by James Davey)
- Tweet this
- Share this
- Digg this
- UPDATE 2-Malaysia Airlines plane returns safely after landing gear scare
- On Easter, Pope calls for end to war, condemns waste exacerbating hunger
- Abdullah widens lead in Afghan presidential vote - latest count
- Australia sees "regroup" on Malaysian plane search in a few days
- Bangalore-bound Malaysia Airlines plane to make emergency landing
Americans with accounts on President Barack Obama’s health insurance enrollment website, HealthCare.gov, were advised that their passwords had been reset to guard against the "Heartbleed" bug, in a message posted on the site on Saturday. Full Article
Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords Full Article