Hewlett Packard Shares Pounded on $8.8 Billion Charge From Autonomy Acquisition(0) 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 of $6.85 billion, or $3.49 per share, in its fiscal fourth quarter. In the same quarter last year, Read More |
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