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
BlackBerry unveiled a new mid-market smartphone on Tuesday dubbed the BlackBerry Leap that is set to replace the Z3 device launched a year ago, in a move to woo buyers in certain emerging markets where BlackBerry still has a fairly large client base. Full Article
Exclusive - Payment delays dent India's flagship health, AIDS programmes Full Article