HP Issues Statement Regarding Open Letter From Mike Lynch

HP Issues Statement Regarding Open Letter From Mike Lynch 
PALO ALTO, CA -- (Marketwire) -- 11/27/12 --  HP (NYSE: HPQ) today
issued the following statement in response to Mike Lynch's open
letter to the HP board: 
HP has initiated an intense internal investigation into a series of
accounting improprieties, disclosure failures and outright
misrepresentations that occurred prior to HP's acquisition of
Autonomy. We believe we have uncovered extensive evidence of a
willful effort on behalf of certain former Autonomy employees to
inflate the underlying financial metrics of the company in order to
mislead investors and potential buyers. 
The matter is in the hands of the authorities, including the UK
Serious Fraud Office, the US Securities and Exchange Commission's
Enforcement Division and the US Department of Justice, and we will
defer to them as to how they wish to engage with Dr. Lynch. In
addition, HP will take legal action against the parties involved at
the appropriate time. 
While Dr. Lynch is eager for a debate, we believe the legal process
is the correct method in which to bring out the facts and take action
on behalf of our shareholders. In that setting, we look forward to
hearing Dr. Lynch and other former Autonomy employees answer
questions under penalty of perjury. 
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Michael Thacker
HP
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