Hewlett Packard Shares Pounded on $8.8 Billion Charge From Autonomy Acquisition
Posted on November 20, 2012 at 13:37 PM EST
Shares of Hewlett-Packard took a lashing after saying that the company took a whopping $8.8 billion accounting charge from what H-P CEO Meg Whitman called “serious accounting improprieties” by British software company Autonomy that H-P acquired last year for $9.7 billion. The charges eliminated any profits at H-P as the company reported a net loss [...]
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