HP accuses UK firm over $8.8bn hit

Hewlett-Packard took an US$8.8bn hit today as it accused former staff at a UK software company it bought last year of accounting irregularities.

HP accuses UK firm over $8.8bn hit
Tue, 20 Nov, 2012 - 12:31

Hewlett-Packard took an US$8.8bn hit today as it accused former staff at a UK software company it bought last year of accounting irregularities.

HP acquired Cambridge-based Autonomy in a £7.1bn (€8.8bn) deal that saw its founder Dr Mike Lynch pocket around £500m (€622.5m).

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CourtsBusinessHeathrowPlace: UKPlace: CambridgePerson: Mike LynchOrganisation: HPOrganisation: Hewlett-PackardOrganisation: AutonomyOrganisation: Serious Fraud OfficeOrganisation: SFOOrganisation: PwC
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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