Statement from Former Management Team of Autonomy
20 November 2012 HP has made a series of allegations against some unspecified former members of Autonomy Corporation PLC’s senior management team. The former management team of Autonomy was shocked to...
View ArticleMike Lynch publishes an open letter to Hewlett-Packard
Open Letter from Dr Mike Lynch to the Board of Directors of Hewlett-Packard 27 November 2012 To: The Board of Directors of Hewlett-Packard Company On 20 November Hewlett-Packard (HP) issued a statement...
View ArticleAn update from Mike Lynch
Thank you for coming to this site over the past few weeks. It has now been over a month since Meg Whitman, the CEO of Hewlett Packard, launched a series of allegations against me and my former...
View ArticleResponse to HP 2012 annual report filing
“It is extremely disappointing that HP has again failed to provide a detailed calculation of its $5 billion write down of Autonomy, or publish any explanation of the serious allegations it has made...
View ArticleHP is back-tracking
“In a message posted on this website a week ago today, we urged Meg Whitman to use HP’s annual 10-K filing to provide a full explanation of the allegations of alleged accounting impropriety at Autonomy...
View ArticleStatement in response to announcement of FRC investigation
We note the announcement by the UK’s Financial Reporting Council (FRC) that it has begun an investigation of the financial reporting of Autonomy for the period from 1 January 2009 to 30 June 2011. As a...
View ArticleOpen letter from Mike Lynch to the shareholders of Hewlett-Packard
Today HP will hold its annual shareholder meeting. This meeting provides a moment of accountability for HP’s Board of Directors to all its stakeholders, and is an appropriate time for the Board to...
View ArticleNote on the Letter from the United States Air Force
Over the past few days, several media outlets have reported on a private letter dated September 2013 from the US Air Force to members of the former senior management of Autonomy and others. The letter...
View ArticleAccountancy Age posts analysis of HP/Autonomy accounting issues
Accountancy Age has published a concise analysis of the crucial differences in the treatment of revenue recognition under IFRS and US GAAP accounting standards. The author notes that under IFRS...
View ArticleResponse to HP’s restatement of Autonomy’s accounts
Any allegation of misrepresentation, disclosure failure, fraud or accounting impropriety against Autonomy in relation to its accounts is completely false. The restated 2009 and 2010 figures for...
View ArticleFurther Analysis on HP’s Restated Accounts for Autonomy 2009 – 2010
On 31st January, HP submitted restated accounts for Autonomy Corporation Limited (ACL) and its UK subsidiary Autonomy Systems Limited (ASL) for 2009 – 2010, which were leaked to the press before...
View ArticleReaction to Financial Times article
From Mike Lynch: “Meg Whitman accused Autonomy of “active concealment” but these revelations prove we were open and transparent with our auditors who continue to stand by the accounts. Meg Whitman must...
View ArticleStatement regarding HP’s changing position on hardware sales
In the Financial Times articles of 17th February 2014 a number of new pieces of information came to light regarding Autonomy’s sales of hardware. The treatment of hardware sales is central to HP’s...
View ArticleOpen letter from Mike Lynch to the shareholders of Hewlett-Packard
Dear Shareholder, As you are aware, Hewlett Packard remains locked in dispute with a group of its own shareholders and with the former management team of Autonomy over its purchase of Autonomy. I write...
View ArticleReaction to HP’s Settlement of Shareholder Lawsuit
It seems Meg Whitman will be using a large sum of HP’s money to avoid explaining in court why she made false allegations regarding Autonomy in November 2012. We continue to reject HP’s allegations, and...
View ArticleResponse to HP out of context court filing
Responding to a court filing made by HP today, a spokesperson for the former Autonomy management team said: “What we see here is one email taken out of context. The emails around it, which HP has...
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The Documents HP didn’t show
HP today published an email from former Autonomy CFO Sushovan Hussain to former CEO Mike Lynch, from 10 December 2010, which it claims is evidence of a “CFO in panic” about the performance of the...
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Court Filed Document Raises Questions Over HP’s Statements
Introduction In November 2012, HP accused the former management of Autonomy of accounting misrepresentations and wrote off $8.8 billion of the value of its acquisition of the company. Since then, HP...
View ArticleResponse to HP Filing 17 September 2014
Three years on, after accusations of multi-billion dollar fraud, is this it? HP produces some out of context information, twisted to support false assumptions which is easily explained. There is no...
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Reported documents show that HP’s Autonomy write down was not caused by fraud
When Meg Whitman wrote off nearly $9 billion of the value of HP in November 2012, she alleged that more than $5 billion of that write down was a result of fraud at Autonomy before it was acquired by...
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