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Transcripts For KNTV NBC Bay Area News At 6 20121121

The next hp ceo bought Autonomy Software for 11. 5 billion. Then he was fired. Among the hp Board Members approving the deal, current hp ceo meg whitman. She says her company was lied to by autonomy. We believe that there is a willful effort on the part of certain members of autonomy management to mislead shareholders when autonomy was a publicly held company and mislead potential buyers, including hp. So in a move sure to overshadow its new line of products, hp is taking an 8. 8 billion charge on the autonomy deal, admitting it made a huge mistake, even though its kind of glad it bought it. Listen, what i will tell you about autonomy is we still like the business. We like the technology. We think its going to be an important part of hps hp softwares growth strategy, but it is not as valuable as we had believed it to be. So what do you do about hp . Buy stock when its low or stand back and let the drama play out . Frankly, what were seeing all of the errors, hp is not dead yet, but if

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