HP fraud claims seen as cover for bad deal
Photo credit: AP | Hewlett Packard chief executive and president Meg Whitman in 2012.
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Hewlett-Packard's claims of financial improprieties at Autonomy Corp. have accounting experts questioning whether the allegations are an attempt to divert attention from yet another bad acquisition.
Hewlett-Packard said Tuesday it recorded an $8.8 billion write-down related to its purchase last year of Autonomy, the British software maker. More than $5 billion of that impairment charge was...
