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This acquisition doubled the size of HP's software business to more than $2 billion in annual revenue. [ 14 ] In 2012 and 2013, HP had no acquisitions in any of its business segments as the firm was dealing with the aftermath of an $8.8 billion write-off, suffered as a result of its acquisition of British software company Autonomy Corporation ...
HP, as it was previously known before its hardware and software arms split in 2015, faced a lawsuit from investors in the aftermath of the Autonomy deal. “Obviously what we saw three weeks ago ...
Three lawsuits were brought by shareholders against HP, for the fall in value of HP shares. In August 2014, a United States district court judge threw out a proposed settlement involving a fee of up to $48 million: Autonomy's previous management had argued the settlement would be collusive and was intended to divert scrutiny of HP executives ...
HP launched a yearslong legal battle against Lynch following its $11.7 billion acquisition of Autonomy in 2011. ... HP says it hasn’t ruled out pursuing the $4 billion in damages it claims it is ...
He chaired the group’s audit committee during the HP sale and was a key witness for Lynch’s defense during his fraud trial in California. At the time of his passing, Bloomer was an ...
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard (/ ˈ h juː l ɪ t ˈ p æ k ər d / HEW-lit PAK-ərd) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to ...
In March 2022, HP announced the acquisition of the California-headquartered communications software and hardware provider Poly Inc. in an all-cash transaction. HP said the cash amount agreed was $40 per share, which implied a total enterprise value of $3.3bn, inclusive Poly's net debts. [15]
Software company Wex Inc sued HP Inc for trademark infringement in Maine federal court on Thursday, accusing it of misusing the "Wex" name to brand competing HP software. Wex, which specializes in ...
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