DJofSD
11-20-2012, 09:53 AM
CNBC article. (http://finance.yahoo.com/news/hewlett-packard-walloped-charge-relating-124836088.html;_ylt=AtskvUYv2xPkrmpTpwoMAV.iuYdG;_ ylu=X3oDMTN1OGNhOWZjBG1pdANGaW5hbmNlIEZQIE1lZ2F0cm 9uIDIEcGtnAzVhZDczZDQ3LWE0MDEtMzM3ZC1iNGE0LWM1OWRm NzZjODkwOQRwb3MDMQRzZWMDbWVnYXRyb24EdmVyAzliY2FmYT U2LTMzMTMtMTFlMi05MzcxLTNjZDkyYmZmMjAxNg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRw c3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3)
Hewlett-Packard reported quarterly earnings that beat expectations on Tuesday, but only after excluding a huge accounting charge relating to allegations of fraud tied to the acquisition of its Autonomy software unit.
The company said alleged accounting "improprieties" at the acquired company led to a one-time accounting charge of $8.8 billion.
The improprieties must have been really well hidden. I wonder how they were eventually uncovered.
Glad I'm not a share holder.
Hewlett-Packard reported quarterly earnings that beat expectations on Tuesday, but only after excluding a huge accounting charge relating to allegations of fraud tied to the acquisition of its Autonomy software unit.
The company said alleged accounting "improprieties" at the acquired company led to a one-time accounting charge of $8.8 billion.
The improprieties must have been really well hidden. I wonder how they were eventually uncovered.
Glad I'm not a share holder.