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
- Three major nations absent as China launches World Bank rival in Asia
- Microsoft sales beat Street hopes, cloud profits up
- China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns
- Google commits to $1 billion in long-term office leases
- Google launches new email service dubbed "Inbox"
Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its margins intact. Read
Google bolsters artificial intelligence efforts, partners with Oxford. Full Article
China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns. Full Article