Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. Full Article
Autonomy's Lynch again rejects HP allegations
LONDON (Reuters) - Mike Lynch, the former head of software firm Autonomy, has written an open letter to Hewlett Packard (HPQ.N) renewing his rejection of a charge of accounting impropriety levelled at his management team by the U.S. company.
HP bought Autonomy last year for $11.1 billion but shocked investors last week with an 8.8 billion write-down of the acquisition, much of which it attributed to the alleged accounting irregularities.
The letter, a copy of which was seen by Reuters, was dated November 27.
(Reporting by Andrew Callus; Editing by Alex Smith)
- Tweet this
- Share this
- Digg this