Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > HP denies newspaper claims of Autonomy offering to SAP

HP denies newspaper claims of Autonomy offering to SAP
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
May 13, 2013, 09:07 PM
 
A pair of contradictory reports have surfaced today, regarding the potential sale of HP's troubled acquisition Autonomy to German software powerhouse SAP. Initially, the Times of London reported that HP had tried to sell the company to SAP, but a follow-up report from HP refutes all reports, with backup by SAP saying that an executive had a quote given in an interview misinterpreted by the UK paper.

The Times report said that SAP had confirmed that it had been approached by HP about the potential sale. HP has since denied the claim to AllThingsD, saying that "contrary to reports in the media, HP has no interest is selling Autonomy. During the past year, we've received inquiries from SAP about purchasing HP software assets, and time and again we've said 'no.' We believe Autonomy will play an important role in HP's long-term strategy."

SAP spokesman Jim Dever notes that the SAP co-CEO wasn't directly addressing an acquisition of Autonomy, saying "If you look at the quote, Bill doesn't say anything other than we were aware when Autonomy was on the market. I was part of the conversation, and he never mentioned discussions with HP." Dever added that "In fact, he never said we were approached by HP."

Mike Lynch, the former CEO of Autonomy, has strongly denied allegations by HP that his former company had engaged in "serious accounting improprieties" and willfully misled shareholders regarding its financials. UK law enforcement has opened up an investigation into HP's claims that it was badly misled during the acquisition.
( Last edited by NewsPoster; May 14, 2013 at 03:49 AM. )
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 08:33 AM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2