hewlett-packard

Autonomy founder and former CEO Mike Lynch is firing back at Hewlett-Packard after the release of HP's annual report with the U.S. Securities and Exchange Commission today. The report states that the federal government opened an inquiry into HP's acquisition of Autonomy in November and hints that Autonomy's accounting is partially to blame.

"It is extremely disappointing that HP has again failed to provide a detailed calculation of its $5 billion write-down of Autonomy, or publish any explanation of the serious allegations it has made against the former management team, in its annual report filing … Read more

Hewlett-Packard's purchase of enterprise software company Autonomy has already resulted in controversy, lawsuits and an $8.8 billion charge against earnings. Added to that list today: a Department of Justice investigation.

HP's annual report, released today, confirms that the federal government has opened an inquiry" into the deal.

"On November 21, 2012, representatives of the U.S. Department of Justice advised HP that they had opened an investigation relating to Autonomy," the report says. "HP is cooperating with the three investigating agencies."

HP acquired Autonomy in August 2011 for $11.1 billion, or … Read more

If Made In USA is a feature, Hewlett-Packard's got Apple beat.

In effect, that's what HP said today. "Lots of noise...about Apple moving Mac production back to the U.S.... [We] wanted to offer HP's story," said an HP representative via e-mail Friday.

Part of that story was provided by way of a blog post.

"HP PCs have been assembled in the U.S. since the beginning," the post begins. "HP workstations and commercial desktop PCs are manufactured in Indianapolis, and HP servers are manufactured in Houston. These manufacturing facilities employ … Read more

Moody's cut Hewlett-Packard's rating today, topping a day marked by a rash of critical articles about the Silicon Valley giant.

Moody's Investor Services cut HP's long-term credit rating to Baa1, three levels above junk, from A3, according to Bloomberg. The rating agency said that HP's "credit profile will remain weaker than previously expected over the intermediate term," among other reasons.

This comes in the wake of an $8.8 billion writedown related to alleged fraudulent accounting at Autonomy, the software company HP acquired last year.

And HP's core businesses aren't faring … Read more

Hewlett Packard says it has discovered "extensive evidence" that an unspecified number of former employees of Autonomy had cooked the books prior to HP's $11.1 billion acquisition of the software company.

In its fourth quarter earnings report last week, HP announced it was taking an $8.8 billion charge related to its purchase of Autonomy. At the time, HP said that it bought the company based on pumped-up and fraudulent accounting. Since then, HP and Autonomy founder and former CEO Mike Lynch have engaged in a public war of words about who was really to blame … Read more

Hewlett-Packard is offering decent Black Friday deals on some of its premier Windows 8 laptops. And the company has announced shipment dates for a couple of its newest touch-screen entries.

HP's Spectre and Spectre XT models are its top-of-the-line lappies. While just-announced Spectres got tiny discounts, a couple of not-so-recent entries are selling for $100 off today. … Read more

Rare is the big tech company that has not committed the periodic stumble. But when it comes to bungling and buffoonery, you won't find a bigger serial offender than Hewlett-Packard.

Earlier today, the company essentially said it got scammed into overpaying for Autonomy, the enterprise software company it bought for $11.1 billion last year. That's just the half of it because buried in its Q4 earnings release was this gem: HP is taking an $8.8 billion charge as a result of what it described as "serious accounting improprieties, disclosure failures, and outright misrepresentations at Autonomy.&… Read more

With Hewlett-Packard's stock price going south in a hurry, CEO Meg Whitman tried to advance the argument that HP's 'return to greatness' will based on great products.

"In terms of investments, we are very focused on product, product, product," said CEO Meg Whitman in today's earnings conference call, via a transcript provided by Seeking Alpha.

Whitman continued. "Great companies return to greatness on the basis of product."

She went on to cite products like its "Gen8" servers, Moonshot servers, and new lines of PCs, printers, and services.

Both Whitman and chief … Read more

Microsoft was touting touch today at its Build conference. And that means for plain old laptops too.

CEO Steve Ballmer addressed this topic during his keynote, which was streamed live.

"You say, do people really want to use touch laptops?" he asked.

Well, if you ask Apple, the answer is no. But for Microsoft it's an important differentiator.

Ballmer continued. "I had a group of leaders of companies over for dinner the other night, and they were saying, 'really, I can just flip [this] through like I would on a tablet?'" he said, as he … Read more