Hewlett Packard takes $8.8 billion charge, says it was misled prior to Autonomy acquisition

Hewlett Packard released its fourth-quarter financial results ahead of schedule Tuesday morning, including a charge for $8.8 billion related to its acquisition of U.K. software firm Autonomy. HP says the bulk of the charge, for impairment of goodwill and intangible assets, is "linked to serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation plc that occurred prior to HP's acquisition of Autonomy."

(more to come)

This story, "Hewlett Packard takes $8.8 billion charge, says it was misled prior to Autonomy acquisition" was originally published by IDG News Service .

Editors' Picks
Join the discussion
Be the first to comment on this article. Our Commenting Policies