Hewlett-Packard HPQ stock november 20 2012 : Hewlett-Packard (NYSE:HPQ) is down nearly 11% this morning after “major improprieties” have come to light in its $10 billion acquisition of Autonomy. The “seriously flawed” transaction resulted in a $8.8 billion asset impairment charge that was reported when the company reported earnings this morning. The unforeseen issue was “linked to serious accounting improprieties, disclosures failures and outright misrepresentations at Autonomy that occurred prior to HP’s acquisition,” said HP.
For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment