Cambridge software firm under fire
Bosses at computer giant HP took a £5.5bn hit after accusing former staff at a Cambridge software company it bought last year of misleading investors.
Hewlett-Packard still committed to Autonomy
Hewlett-Packard says it remains committed to Autonomy despite claims it had been mislead by former staff at the Cambridge software firm.
In a statement, HP said it was "extremely disappointed" by the findings of its internal investigation.
It added actions of former staff:
After the PwC investigation, HP now believes that Autonomy was "substantially overvalued" at the time of its acquisition due to the mis-statement of Autonomy's financial performance.
HP has referred the matter to the Serious Fraud Office, US Securities and Exchange Commission's Enforcement Division and is preparing to seek compensation against various parties.
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