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
Trending On Reuters
Online Grocery Shopping
Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling. Full Article