Hewlett-Packard senior executives knew of Autonomy Corp.'s sales practices and problems months before a whistle-blower exposed the company, according to new reports.
The US-based PC giant purchased Autonomy in 2011 for $11.1 billion. However, only a year later, Hewlett-Packard was forced to write down the acquisitions' value by $8.8 billion. A whistle-blower then came forward, stating that hardware sales conducted by Autonomy were often conducted at a loss. As a result, Hewlett-Packard has accused the firm of accounting fraud, which remains an ongoing saga.