Reply to post: Re: Buyers remorse

Court witness describes how Autonomy founder Lynch would wash his rear-end in US prison showers and dorms

Anonymous Coward
Anonymous Coward

Re: Buyers remorse

Whilst not disagreeing with your main argument, your numbers are somewhat off.

2010 revenue was around £565m. £95m off that is a pretty significant sum. And to be clear, that's only one of the alleged irregularities.

Ignoring those other irregularities and not having a $-£ rate to hand for the time of the deal, HP paid around 14x revenue at the £565m figure which is not out of the ballpark for software companies (e.g. Oracle paid around 12x for NetSuite in 2016).

14x revenue at the restated figure would have led to a purchase price of of around £1.5billion less (approx £6.,5b down from £8b).

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