HP files lawsuit against Autonomy execs claiming billions in damages March 31, 2015 HP has filed a lawsuit in the British High Court alleging fraudulent activity by the founder and finance chief of the British company Autonomy which it bought in 2011 for $11bn. The US tech firm which later took an $8.8bn writedown on the acquisition is claiming damages from Autonomy founder Mike Lynch and former CFO [...]
Hewlett-Packard buys Aruba Networks in biggest deal since Autonomy March 2, 2015 Hewlett-Packard is buying Wi-Fi network gear maker Aruba Networks for $2.7bn (£1.8bn) in cash in a bid to bolster its networking business. The world’s second-biggest PC maker is offering $24.67 a share. Including cash and debt, the companies valued the deal at around $3bn. The purchase is a boost for HP’s wireless local area network [...]
Hewlett-Packard packs its bags for new flagship office in the City at 1 Aldermanbury Square January 27, 2015 Hewlett-Packard is set to move hundreds of staff to a new London head office in the Square Mile. The US tech firm said yesterday it has agreed to lease the whole of 1 Aldermanbury Square near London Wall from Epic UK, the property company run by brothers Michael and Steven Elghanayan. It has taken a [...]
UK fraud office ends Autonomy accounts probe January 19, 2015 THE BATTLE between Hewlett-Packard (HP) and the former executives of UK-based software company Autonomy took another turn yesterday as the Serious Fraud Office (SFO) closed its probe into the firm saying there wasn’t enough evidence for a conviction. Autonomy, then a darling of the UK’s technology startup community, was sold to HP for $11.7bn (£7.7bn) [...]
HP vs Autonomy: “Insufficient evidence” to convict, says Serious Fraud Office January 19, 2015 More news on the epic battle between Hewlett-Packard (HP) and UK-based software company Autonomy. The Serious Fraud Office (SFO) said today it has closed its investigation into the British company, despite accusations from HP that it had committed accounting fraud. Autonomy, then a darling of the UK's technology startup community, was sold to HP for [...]
App backed by Mike Lynch signs Warner Music and Capitol deal March 6, 2014 MUSIC fans will be given the chance to win concert tickets and get access to video content through a new deal signed between major record label Warner Music and Capitol Records, and an app called Taggar – backed by former Autonomy chief executive Mike Lynch. Taggar, which describes itself as ”the world’s first social augmented [...]
What was that? Mike Lynch has trouble hearing January 23, 2014 AUTONOMY founder Mike Lynch has come up with a novel way of dodging uncomfortable questions (of which there are a few at the moment) – he told an audience at Cass Business School this week that he is hard of hearing. “I’m actually deaf, so in this situation what happens when we come to the [...]
City Moves for 7 August 2015 | Who’s switching jobs August 6, 2015 Brooks Macdonald The wealth management group has appointed Andrew Shepherd as its deputy chief executive. He is currently executive director at the group and joint managing director of Brooks Macdonald Asset Management, which he joined in 2002. IG Group David Horsley has been appointed head of finance at the online trading company. He joins from [...]
Syria airstrike vote 2015: Here’s how your MP voted December 3, 2015 Last night MPs voted in favour of the UK beginning airstrikes against Islamic State (Isis) with an overwhelming majority of 397 votes to 223, following a gruelling 10-hour debate in the House of Commons. The move was controversial, with huge numbers of people protesting against military intervention. Some Labour MPs claimed they were being intimidated to [...]
Autonomy hits back at HP’s fraud allegation September 11, 2014 Autonomy founder Mike Lynch yesterday hit back at Hewlett-Packard’s allegations of fraud by publishing a file of internal documents that he claimed contradicted some of his accuser’s most damaging accusations. HP last week publicly disclosed for the first time some of the detail behind its allegations that it was forced to write down more than [...]