HP accuses Autonomy of fraudulently overvaluing itself

On a press conference this afternoon, Whitman was asked why the company
failed to detect the impropriety after the acquisition. "When you are lied
to, it is hard to find [such impropriety]", she replied.

The company also revealed that the misreporting of low margin hardware
sales as software license sales accounted for as much as 10% to 15% of
Autonomy's reported revenue during the two years before the acquisition.



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