H-P (HPQ +1.8%) has given up most of the gains that followed its FQ1 beat and layoff plans....


H-P (HPQ +1.8%) has given up most of the gains that followed its FQ1 beat and layoff plans. Concerns the $10B Autonomy purchase may be proving disastrous are probably playing a role. Not only did H-P report Autonomy, which was posting decent growth at the time of the acquisition, see a major Y/Y drop in license revenue, H-P fired founder Mike Lynch in response. The Guardian's sources indicate Lynch and his team didn't mesh well with H-P's "bureaucratic" culture. (transcript)

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  • PBrowning369
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    It is not Autonomy's fault they could not "mesh well with HP's bureaucratic culture". The problem is HP's bureaucratic culture! The purchase will destroy Autonomy and its revenue. HP personnel leading just the integration of Autonomy into the old IPG - now PPS - are the problem as well. Until Meg fixes HP the result will not be any different.
    24 May 2012, 02:35 PM Reply Like
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