Autonomy founder set for $5B HP court showdown
Mike Lynch faces HP in London's High Court on Monday in a multi-billion dollar showdown over the tech giant's purchase of the Autonomy software business he founded.
Mike Lynch faces HP in London's High Court on Monday in a multi-billion dollar showdown over the tech giant's purchase of the Autonomy software business he founded.
The ongoing saga surrounding HP's ill-fated Autonomy acquisition continued on Tuesday with the company's announcement that it will pay $US100 million in a settlement agreement with PGGM Vermogensbeheer B.V.
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The UK's Serious Fraud Office may have dropped its investigation of software firm Autonomy earlier this year, but that doesn't appear to have done much to allay HP's ire. HP -- which acquired Autonomy in 2011 -- has confirmed that it plans to sue Mike Lynch and Sushovan Hussain, Autonomy's former CEO and CFO, for $5.1 billion.
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Hewlett-Packard is in the midst of a very public turnaround. This week, CEO Meg Whitman spoke to analysts about it. Her message -- and the way she delivered it -- should inspire HP customers and consumers at large.