Wednesday, August 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Infineon To Buy International Rectifier for Approximately $3 Billion
Verizon May Launch New App Store
ZTE Nubia 5S mini LTE Coming Unlocked For $280
Lenovo Expands Its ThinkCentre Range with Affordable Desktop PCs
Samsung and Barnes & Noble Introduce Samsung Galaxy Tab 4 NOOK
TCL and Roku Introduce Streaming TVs
Ballmer Steps Down From Microsoft Board
Samsung To Unveil New Smart TV Content at IFA 2014
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > UK's Se...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, March 12, 2013
UK's Serious Fraud Office Says Sees No Conflict In Autonomy Probe


UK's fraud-busting agency said it might have a conflict of interest in its investigation of Autonomy, the software company accused of accounting irregularities by Hewlett-Packard.

The Serious Fraud Office (SFO) has opened an investigation into allegations about the circumstances of the sale in 2011 of Autonomy to Hewlett Packard.

However, it has been reported that the SFO uses an Autonomy product, Introspect, as a document management tool.

In a statement on Tuesday,, the SFO said that in order to ensure that there was now no conflict of interest, or perception of such a conflict and it was obliged as a first step to make inquiries to ensure that it could continue as the investigating body.

HP bought Autonomy in a bid to make it the centerpiece of a shift into software. However, a year after the purchase, HP wrote off three quarters of the British firm's value. The U.S. company alleged "some former members of Autonomy's management team used accounting improprieties, misrepresentations and disclosure failures" to inflate the company's apparent worth.

Autonomy has denied the allegations.


Previous
Next
Western Digital Invests In Solid-state Storage Maker Skyera        All News        Samsung SDI Becomes The World's Top Battery Maker
Google To Pay $7m To Settle Street View Probe     General Computing News      Samsung SDI Becomes The World's Top Battery Maker

Get RSS feed Easy Print E-Mail this Message

Related News
HP SlateBook 14 Android Laptop Released
HP Says Internet of Things Devices Are Vulnerable to Attack
HP Pavilion 10z Laptop Uses An AMD Mullins Processor
HP To Settle Lawsuits Over Deal For Autonomy Acquisition
HP Works On 'Machine' New Server Hardware
HP Introduces The Apollo Supercomputer
HP Unveils New Business-focused Detachable PCs
Computex: HP Unveils PC Portfolio for Back-to-school Season
HP 7 Plus $100 Tablet Runs Android
HP To Cut Thousands Of Jobs As Results Disappoint
HP Introduces Orchestrated Datacenter Service
HP To Invest More Than $1 billion In Open Source Cloud Products

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .