back to article Ex-Autonomy CEO Mike Lynch sues HP for $150m+

Autonomy founder and ex-CEO Mike Lynch is suing HP for at least $150m (£100m) in damages over its assertion that he helped cook the books to inflate the price it paid for the software firm. Back in the summer of 2011, HP forked out $10.7bn to acquire Autonomy. Little over a year later, the US giant accused Lynch of …

  1. Aristotles slow and dimwitted horse Silver badge

    HP Sauce

    Way to go Mike. This utter fiasco is just another example of HP doing BAU.

    Anyone know when this actually goes to court? Looking forward to following the progress.

  2. Your alien overlord - fear me

    Good luck waiting for a comment from HP - they haven't brought a multi-billion dollar PR company yet.

    1. theblackhand

      RE: multi-billion PR company

      Isn't a multi-billion PR company just a $100 PR company that convinces HP to buy it?

      Hmm - this might be a business opportunity. I'll start by approaching Larry with my "business" and getting rejected and putting a note in my accounts saying "we don't make any money yet, but these projections show we could make billions". Now I just have to sit back and wait....

      1. Ilsa Loving

        Re: RE: multi-billion PR company

        I think it would be more accurate to say that they would by a multi-billion dollar PR company, but HP would manage it so badly that it would only be worth $100 by the time the ink has dried on the contract.

        1. David 132 Silver badge
          Joke

          Re: RE: multi-billion PR company

          HP would manage it so badly that it would only be worth $100 by the time the ink has dried on the contract.

          This being HP, the ink to print that contract would have cost more than that.

  3. Ben Liddicott

    Risky strategy

    ... Oscar Wilde anyone?

    1. Anonymous Coward 101

      Re: Risky strategy

      Dead Irish writer. Supposed to be quite good.

  4. dogged

    I get all this but find it hard to believe that Autonomy wasn't overpriced. Everything else HP ever bought was.

    1. jonathanb Silver badge

      The commentards here said it was overpriced at the time. Look back at the archives from the time the deal was going through.

  5. Paul Crawford Silver badge

    Can anyone point to an HP acquisition that is a success?

  6. FozzyBear
    Happy

    Wait a minute

    .

    .

    Ok I'm in my comfy chair and I have my popcorn. Continue!

  7. Anonymous Coward
    Anonymous Coward

    3PAR. I suspect HP would have ceased to be a storage vendor without it.

  8. Anonymous Coward
    Anonymous Coward

    On the other hand , what about all the people who lost their jobs at HP over this

  9. channelswimmer

    How soon we forget

    Lynch tried to sell Autonomy to Oracle for $6bn, and that was rejected as overpriced. HP shouldn't have subsequently bought it for $10bn, but they should at least have done some due diligence.

    http://www.oracle.com/us/corporate/press/503333

  10. RoboticRabbit

    Personally I would trust Richard Nixon more than I would trust HP.

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