Share “Key moments in HP's acquisition of Autonomy”

Key moments in HP's acquisition of Autonomy

Published on NewsOK Modified: December 28, 2012 at 11:47 am •  Published: December 28, 2012

— Nov. 20: HP says it's the victim of a multi-billion dollar fraud at the hands of Autonomy. HP says executives at Autonomy "willfully" boosted the company's figures through various accounting tricks. HP is taking an $8.8 billion charge to align Autonomy's purchase price with what HP now says is its real value. HP says more than $5 billion of that charge is due to false accounting. Lynch says HP's allegations are false.

— Nov. 26: A stockholder who owns 200 shares files a federal lawsuit in San Francisco accusing HP of concealing problems with Autonomy and other acquisition.

— Nov. 27: Lynch escalates his counter-attack on HP. In a letter to HP's board, he questions whether HP is using the charges of financial shenanigans to cover up damage caused by its own ineptitude.

— Thursday: HP discloses that it was informed on Nov. 21 that the Justice Department has opened an investigation.