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Published 1 month ago

The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star

  • Whitman used part of her $3 billion fortune to fund an unsuccessful campaign for California governor in 2010, facing a subsequent appointment as HP's CEO.
  • Leo Apotheker was replaced as HP's CEO just before finalizing the Autonomy acquisition, a deal he had negotiated.
  • The trial involving Lynch and Chamberlain is expected to bring attention to Whitman's business decisions, including her involvement in replacing HP's CEO.
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The GuardianThe Guardian

Criminal fraud trial of UK tech tycoon Mike Lynch to begin today

‘Britain’s Bill Gates’ charged with 17 counts of wire fraud, securities fraud and conspiracy in 2011 sale of Autonomy to Hewlett-PackardThe criminal fraud trial of the British technology tycoon once dubbed “Britain’s Bill Gates” is due to begin in San Francisco today.Mike Lynch, co-founder of the UK software company Autonomy, stands accused of artificially inflating the software firm’s sales; misleading auditors, analysts and regulators; and int…

1 month ago·London, United Kingdom
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Associated Press NewsAssociated Press News

Former British tech star depicted as scam artist, visionary in trial about HP's disastrous 2011 deal

Federal prosecutors have painted one-time British tech star Mike Lynch as the ruthless mastermind of an $11 billion deal that defrauded Silicon Valley pioneer Hewlett Packard. But his lawyer depicted

1 month ago·United States
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KRDOKRDO

The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being resurrected at a trial that exploring whether the deal was an illegal rip-off or a case of botched management. The criminal trial starting Monday in San Francisco revolves around HP’s acquisition of British software maker Autonomy, a deal that was celebrated as coup when …

1 month ago·Colorado Springs, United States
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KVIAKVIA

The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being resurrected at a trial that exploring whether the deal was an illegal rip-off or a case of botched management. The criminal trial starting Monday in San Francisco revolves around HP’s acquisition of British software maker Autonomy, a deal that was celebrated as coup when …

1 month ago·Panama City, United States
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Shropshire StarShropshire Star

Fallen tech star Mike Lynch faces Hewlett-Packard fraud claims in US trial

Mike Lynch, the multi-millionaire tech tycoon who was once hailed as shining example of British ingenuity, is set to face claims he defrauded Hewlett-Packard in the 11 billion dollar sale of his software company Autonomy at a trial in California on Monday.

1 month ago·Ketley, United Kingdom
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National PostNational Post

The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star

SAN FRANCISCO (AP) -- An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago will be resurrected Monday during a trial that will explore whether the deal was an illegal rip-off or a case of botched management.

1 month ago·Canada
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