Computer giant Hewlett Packard announced on Tuesday that a top executive who oversees its printing and personal systems unit would assume a new role for strategic growth.
Former Autonomy Corp. Chief Executive Officer Mike Lynch said the claim by Hewlett Packard Co. that more than $200m in improperly recorded revenue led to a $5bn writedown doesn’t make sense.
Hewlett Packard's surprising announcement of accounting irregularities at Autonomy caught the market by surprise on Tuesday and led to a nearly 12 percent decline in the company's stock. But Autonomy's accounting had been questioned by analysts years ago, according to one equity analyst that CNBC spoke to.
As the fallout from Hewlett-Packard's purchase of Autonomy continues, attention is turning to the advisers who took part in the deal - with one name emerging from the pack.
The FBI, responding to an inquiry by the U.S. Securities and Exchange Commission, is looking into Hewlett-Packard Co.’s allegations of accounting improprieties at its Autonomy Corp. unit, a person familiar with the matter said.