Autonomy founder Mike Lynch, who takes center stage in H-P's (HPQ) accounting fraud allegations,...


Autonomy founder Mike Lynch, who takes center stage in H-P's (HPQ) accounting fraud allegations, has issued an open letter to H-P's board in which he rejects "all allegations of impropriety," and asks several pointed questions regarding the specifics and timing of H-P's claims. Lynch has already gone to lengths to blame Autonomy's poor post-acquisition license sales on H-P's mismanagement and dysfunctional sales culture. (shareholder suit) Update: H-P responds by stating it has "uncovered extensive evidence" of fraud.

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  • losaneglee
    , contributor
    Comments (53) | Send Message
     
    Poor sales post acquisition, has nothing to with prior accounting practices, can play into size of write off.
    27 Nov 2012, 01:57 PM Reply Like
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