HPE accuses Mike Lynch of using reciprocal transactions with customers to drive revenue growth

clock
HPE accuses Mike Lynch of using reciprocal transactions with customers to drive revenue growth

While revenues increased, Autonomy suggested that lower than expected profit margins were due to investment in new products, HPE claims in court

Mike Lynch has been accused of involvement in "widespread and systematic false accounting" at Autonomy, the software company he founded in 1996 and sold to Hewlett-Packard for $11 billion in November 2011....

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

More on Compliance

Facebook has no idea what most of its user data is used for, leaked document suggests

Facebook has no idea what most of its user data is used for, leaked document suggests

Social media company Meta (earlier Facebook) does not know where all of its user data goes or what it does with it, according to a leaked internal document seen by Motherboard.

clock 28 April 2022 • 2 min read
Apple fined €5m for the ninth time in two months by the Netherlands

Apple fined €5m for the ninth time in two months by the Netherlands

Recurring fine related to an antitrust order that requires Apple to open its App Store to alternative payment options for dating apps

clock 24 March 2022 • 3 min read
Microsoft's cloud business hit with antitrust lawsuit in Europe

Microsoft's cloud business hit with antitrust lawsuit in Europe

The complaint focuses on Microsoft's licensing operations

clock 18 March 2022 • 3 min read