Billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by Hewlett Packard. In other words, its fraud. After autonomys founder and ceo Michael Lynch was fired by meg whitman, sources close to the company tell me a Senior Executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. Hp began an investigation and concluded that these accounting improprieties inflated the value by 5. 3 billion. The ceo then relied on audited financials when making a bid to buy the company. Those financials were audited but there were plenty of investors out there who questioned autonomys growth rate. Sources close to the company allege that autonomy pursued a number of avenues to make margins, growth rate and overall value appear far higher than it actually was. The company was selling computer hardware. Desk top computers, its a Software Company at a loss to supplemen
Gain exclusive insights from Heavy Reading's industry experts through in-depth research on optical networking, 5G evolution, Open RAN ecosystem, mobile core transformation, network convergence strategies, private networks, next-gen broadband, video streaming, business services, and Wi-Fi advancements. Stay ahead with their authoritative analysis and forward-looking coverage.
C. Gordon Bell, a technology visionary whose computer designs for Digital Equipment Corp. fueled the emergence of the minicomputer industry in the 1960s, died Friday at his home in Coronado, California. He was 89.