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Tuesday, Nov 20
2012, 5:43 PM
"When HP bought Autonomy it had hundreds of people involved in due diligence," claims...
"When HP bought Autonomy it had hundreds of people involved in due diligence," claims ex-Autonomy CEO Mike Lynch, who again denied any wrongdoing in a phone interview. Lynch also claims H-P's (HPQ -11.9%) "mismanagement" was responsible for the huge drop in Autonomy license revenue that followed the acquisition, as it drove off employees, introduced "arbitrary markups," and failed to incentivize its sales force. H-P's list of allegations against Autonomy is lengthy - no one is looking good here at this point. (more on HPQ)