Friction was apparent between Hewlett-Packard Co. Chief Executive Officer Meg Whitman and Autonomy Corp. founder Mike Lynch within weeks of their companies’ union, according to documents seen by Bloomberg News.
Hewlett-Packard Co. has begun talks with shareholders’ lawyers on a possible settlement of litigation over its $8.8 billion writedown of the Autonomy Corp. acquisition, a person familiar with the matter said.
Hewlett-Packard Co. Chief Executive Officer Meg Whitman, the company’s board and former CEO Leo Apotheker were sued by an investor alleging that mismanagement and botched acquisitions have destroyed shareholder value.
Hewlett-Packard Co. said accounting errors at Autonomy Corp. have led it to cut reported 2010 revenue at the software maker’s largest unit by 54 percent, adding fuel to a legal dispute over its purchase of Autonomy.
California Governor Jerry Brown has amassed $17 million from a well of donors including Exxon Mobil Corp., Facebook Inc., Microsoft Corp. and even porn mogul Larry Flynt for a re-election campaign without saying he plans to run.
Stratasys Ltd. offers Hewlett- Packard Co. and Seiko Epson Corp. the chance to move beyond paper-and-ink printers by acquiring a leader in the technology that’s used to replicate nuts, bolts and even football cleats.