Autonomy's Lynch again rejects HP allegations
LONDON (Reuters) - Mike Lynch, the former head of software firm Autonomy, has written an open letter to Hewlett Packard renewing his rejection of a charge of accounting impropriety levelled at his management team by the U.S. company.
HP bought Autonomy last year for $11.1 billion (6.9 billion pounds) but shocked investors last week with an 8.8 billion write-down of the acquisition, much of which it attributed to the alleged accounting irregularities.
The letter, a copy of which was seen by Reuters, was dated November 27.
(Reporting by Andrew Callus; Editing by Alex Smith)
- Tweet this
- Share this
- Digg this
- Pro-independence Scots narrow gap to victory ahead of vote - poll
- Kremlin adviser says military strategy to reflect Ukraine crisis, NATO expansion - RIA
- Low-carb diets may beat low-fat options for weight loss, heart health
- Europe drafts emergency energy plan with eye on Russia gas shut-down
- Manchester United top deadline-day big spenders