Autonomy?s Lynch Re-Ignites His Fight With HP On Stage At London Web Summit

The saga of the fight between Hewlett-Packard and Autonomy continued on stage today when Autonomy founder Mike Lynch repeated his allegation that HP has ?never made? any formal representation to him or other former directors of the company regarding its controversial write-down of the acquisition. On 18 August 2011 Hewlett Packard purchase Autonomy for $42.11 per share, around $10.2 billion. But while the transaction was unanimously approved by the boards of directors of both HP and Autonomy, there was a significant drop in revenue in the previous quarter. Mike Lynch leave his role as CEO in May 2012.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/DkJbsIYJv78/

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