Former Autonomy CEO Mike Lynch admits to using some of the accounting practices that H-P (HPQ)...

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

Former Autonomy CEO Mike Lynch admits to using some of the accounting practices that H-P (HPQ) says are irregular, such as selling computers to clients and booking part of the costs as marketing expenses, but denies that they're illegal. Lynch also says that turning what H-P says is improperly recorded revenue of over $200M into a $5B writedown "doesn't add up." Some analysts agree.