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Tuesday, Nov 20
2012, 8:23 AM
A little more on H-P (HPQ): The company alleges Autonomy was responsible for $5B worth of...
A little more on H-P (HPQ): The company alleges Autonomy was responsible for $5B worth of pre-merger "accounting improprieties, disclosure failures and outright misrepresentations." A senior Autonomy exec is said to have come forward after founder/CEO Mike Lynch was fired in May, after which H-P contacted the SEC. This could get ugly. The PC division's operating margin fell to 3.5% from FQ3's 4.7%, though services and printing margins rose, aided by job cuts. $124M in shares repurchased. Shares -11.1%. The CC is underway (webcast, live blog) (FQ4: I, II)