former executives of the firm British technology has denied the allegations and accused HP of the destruction of a "world leader"

Hewlett-Packard revealed that it has made a repayment of $ 8.8 billion (5.5 billion pounds) after "serious" accounting irregularities discovered in autonomy, the British firm that acquired technology in 2011 more than 10 billion dollars.

asked the United States and the British authorities to investigate what he called "serious accounting irregularities, errors and misrepresentations of blatant self-disclosure" before acquisition.

The agreement was negotiated under the previous HP, Leo Apotheker, CEO, but finalized by the mainstream Meg Whitman, former eBay chief and sole candidate for Governor of California, joined the Board of Directors HP policy in March 2011.

losses ended with gains for the quarter. The company recorded a net loss of $ 6.9 billion, compared with a profit of $ 200 million over the period a year earlier. Its shares fell 13% in mid-morning. HP said it would seek to recover the money of shareholders seeking "remedies against various parties" before the civil courts. It is understood that the intention to continue to manage and may take action against advisers Deloitte as auditor autonomy.

autonomy founder Mike Lynch, who has strongly denied the allegations on behalf of himself and his team on Tuesday accused HP to destroy a "world leader" in less than a year. Speaking to the Wall Street Journal, said he was "surprised" by HP, only learned of the allegations when the company was in the news release 13:00 UK time.

"I think what happened here is that they are in trouble," said Lynch. "I do not understand how you can write $ 9 billion in value and this is somehow all this was caused by something I did not notice when due diligence with 300 people. Elephant would be pretty awesome to have lost. "

autonomy was one of the brightest stars in Britain and the technology used to store data and research companies across different networks, which specializes in the search for "data not structured "such as voice mail and email. Lynch, star Cambridge technology with a taste for koi and railways took place in one of the most successful businessmen in Britain. Originally called the merger" a historic day for autonomy, our employees and the clients we serve. "He made ? 500 million from the sale.

The agreement soon soured as angry investors accused the company of an overpayment. Line contributed to the ouster of Leo Apotheker after 10 months of work.

Lynch released in May, HP announced 27,000 job cuts worldwide in a program of $ 3 billion to $ 3.5 billion cost reduction.

Apotheker was near. At first, he seemed to have full support of Whitman, but blamed the lack of independence of the company for his departure. HP, in turn, made a "significant" reduction in license revenue and Autonomy Central Division stated need new leaders.

Whitman
investigation revealed that autonomy was "substantially overvalued at the time of acquisition" due to errors in the financial performance, including revenues, the growth rate of the core and margins Raw.

According to HP, the loss of revenue autonomy mischaracterised sales of low-end hardware, which represent up to 15% of company revenues. HP said that autonomy also licensing transactions where no final client existed at the time of the sale as income.
"It seems to have been a deliberate attempt by some former employees of autonomy to inflate the figures underlying financial companies to mislead investors and potential buyers," said HP in a statement . "These misrepresentations and lack of communication would be seriously affected the ability of management to HP autonomy enough value at the time of the transaction."