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

|About: HP Inc. (HPQ)|By:, SA News Editor

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)