Hewlett-Packard (HPQ) Investors Sue Over Loss Tied to Alleged Autonomy Fraud
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Hewlett-Packard (HPQ) Gets Shellacked as $8.8B Fraud Spoils Q4
November 20, 2012 8:19 AM ESTHewlett-Packard (NYSE: HPQ) investors were stunned on Tuesday after Meg Whitman and Co. reported fourth-quarter results. While EPS topped estimates, Hewlett-Packard reported an $8.8 billion impairment charge related to accounting fraud within its Autonomy business, causing jeers on Wall Street.
Commenting on the impairment charge, Hewlett-Packard said:
"HP recorded a non-cash charge for the impairment of goodwill and... More
