Autonomy founder says HP allegations don’t add up
LONDON (Reuters) – Mike Lynch, mathematics whiz and former boss of Autonomy, said he can’t see how accusations leveled by Hewlett-Packard Co of dodgy accounting add up to a $5 billion writedown on the software business he sold them last year. HP said on Tuesday it would write $8. 8 billion off its $11. 1 billion purchase of the British company, $5 billion of it due to "serious accounting improprieties" and "a wilful effort by Autonomy to mislead shareholders" revealed by a whistleblower and a forensic audit by accountants PricewaterhouseCoopers. . . .
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