Topic:

Serious Fraud

Serious Fraud

There Are Two Narratives on Hewlett-Packard’s $8.8 Billion Loss; Which One Should You Believe?

Lynch. (The Telegraph)

In the hours since Hewlett-Packard stunned investors by announcing an $8.8 billion loss on its acquisition of Autonomy, competing narratives have emerged to describe just what went wrong.

H-P spoke first, explaining that “accounting improprieties” and “outright misrepresentations” committed before it acquired the British search engine maker for $11.1 billion last year led to Read More