The nuts and bolts of HP’s $11.1 billion acquisition of Autonomy are pretty wonky. But we know a good scandal when we see one, and this $8.8 billion loss and the whole “fraud” debacle are shaking up to be one for the record books.
After losing all that money, HP pointed the finger at its subsidiary, alleging that cooked books had made Autonomy appear more valuable than it really was. If the HP thought the former Autonomy team would go quietly into that good night, the Silicon Valley giant was sadley mistaken. Former Autonomy CEO Mike Lynch has loudly maintained his innocence, and now Business Insider reports that he’s started a blog to defend against the allegations.
The FTC is said to be wondering whether it can actually pull off an antitrust case against Google, as consumers don’t seem too bothered by the company’s putting its own services before those of competitors. [Bloomberg]
Facebook is testing adding upcoming events and recently released albums–not sponsored posts, but not shared by friends, either–to the News Feed. [The Next Web]
A government advisory committee has filed objections to many of ICANN’s new top-level domains, from .islam to .wtf to .navy. [ZDNet]
HP says it’s lost almost $9 billion on the purchase of Autonomy because of shady accounting. But there are doubts about whether that really adds up. [Bloomberg]
Now whirring away in the computing museum at England’s Bletchley Park: the world’s oldest working computer, dating from 1951. [Extreme Tech]
Hewlett-Packard took an $8.8 billion charge against fourth-quarter earnings after uncovering “serious accounting improprieties, disclosure failures and outright misrepresentations” at Autonomy, the British software maker H-P acquired last year, the company said today.
How does a CEO at a massive enterprise tech company get himself fired. The letter from Jodie Fisher and her lawyers that that brought down HP’s Mark Hurd surfaced today. In it they accuse him of sexual harassment.
Which high-profile founder apparently resigned from his popular start-up?
Which style book just jumped into the 21th century?
How many funds does a fundraiser raise if a fundraiser does raise funds?
Whose sexual harassment letter will soon be unsealed?
Is there anyone who hasn’t heard about the new domain Read More