Autonomy Founder Says HP Accounting Claim Doesn’t Add Up
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Former Autonomy Corp. Chief Executive Officer Mike Lynch said the claim by Hewlett Packard Co. that more than $200 million in improperly recorded revenue led to a $5 billion writedown doesn’t make sense.
“After being ambushed by all this yesterday, I’ve had a chance to look at some of the things that they’re saying -- it just doesn’t add up,” Lynch said yesterday in an interview. “HP is looking for scapegoats, and I’m afraid I’m not going to be one of those.”