Wed November 21, 2012

HP Says It Was Duped Into Overpaying For Company

Originally published on Wed November 21, 2012 5:57 pm

Hewlett Packard is claiming it was duped into overpaying when it acquired Britain's largest software company a little more than a year ago. HP released its latest quarterly earning report on Tuesday and announced that it was writing off most of the $11 billion investment. The firm HP bought, Autonomy, denies there were any improprieties.