Articles about Mike Lynch

Lynch and his Autonomy inner circle depict selves as crime kingpins

Vid Prank vid from the past. Mike, don't give up the day ... oh

'Brit Bill Gates' Lynch: Only Mad Leo Apotheker understood Autonomy

'I'm not going to be HP's scapegoat'. Errm ...

Probe into Autonomy allegations could take years - report

Mike Lynch splashing cash on m'learned friends

'Brit Bill Gates' was powerless to stop HP's Autonomy acquisition

Lynch suggests HP mega-bucks forced marriage

Autonomy founder attacks HP fraud charges with new website

British software entrepreneur and Autonomy founder Mike Lynch has launched a new website dedicated to airing his ongoing grievances with HP, which has accused him and other former Autonomy execs of misrepresenting the company's finances. The site, which is hosted at AutonomyAccounts.org, says it aims to provide "relevant …

UK financial watchdog bends Autonomy over for fresh probe

HP-owned software house Autonomy faces more probing, this time by the Financial Reporting Council (FRC). The British corporate governance watchdog announced today it will investigate allegations that the Brit biz overinflated its value by $5bn just before Hewlett-Packard bought it in 2011. HP's buy-up of Autonomy for $10.7bn is …

Brit Bill Gates writes ANOTHER open letter to HP board

Pleads for Big Reveal at AGM

UK Serious Fraud Office queues up to probe HP's Autonomy allegations

...using Autonomy's own software

Autonomy to HP: bollocks

The HP-Autonomy spat has, predictably, turned into a high-profile slanging match, with Autonomy founder Mike Lynch firing back at Meg Whitman via the Wall Street Journal. Hewlett-Packard has sensationally written down the value of the software company it acquired last year by nearly $US9 billion, and blamed Autonomy for “ …

HP dangles axe over Autonomy salesmen, cash wad over coders

HP plans to lay off sales staff at Brit software subsidiary Autonomy while seeking to shore up the small biz's R&D. An internal memo penned by Robert Youngjohns, an exec hired from Microsoft last September, started with the good news first and claimed the tech titan is pumping more cash into software development overall. "As …

'Brit Bill Gates' defends his honour in open letter to HP board

Hewlett-Packard has slapped down former Autonomy boss Mike Lynch after he called for details of accounting charges made against him and for an explanation of what HP executives really knew. In an open letter to PC giant’s board, Lynch effectively accused HP of smearing him by releasing selected information to the media and he …

Lawsuit launched against HP following Autonomy catastrophe

Investors are suing HP over accusations that senior execs hid negative information on multibillion acquisition Autonomy which subsequently led to a share price collapse. It was only a matter of time before stockholders got legal representation following last week's spat, when HP wrote-down $5bn related to the Autonomy buy, …

HP wanted to offload Autonomy on SAP, says SAP co-chief

HP tried to offload Brit software house Autonomy onto German giant SAP sometime before last month, it is claimed. Bill McDermott, co-chief exec of SAP, told the UK's Times that the firm had been approached by HP after it was told the business was "available", but SAP wasn't keen on the idea. "We were aware that it was on the …

HP hires Youngjohns to head up Autonomy

HP has filled the Mike Lynch-shaped hole at the top of its Autonomy business with another Brit, Robert Youngjohns, the boss of Microsoft's North America empire. Lynch left the organisation early in the summer in a phased restructure that will see a total of 27,000 HPers – or 7.7 per cent of the workforce – leave by the end of …

'HP has just days to cough what it knew about Autonomy'

HP will have to bare all in its beef with Autonomy's former management before the year is out, a former SEC advisor has suggested. Hewlett-Packard took an $8.8bn write-down last month after alleging accounting errors were made at Brit biz Autonomy in the weeks before HP acquired it for $10.7bn in 2011. In turn Autonomy co- …

HP knew Autonomy was a duff buy, claim HP shareholders in $1bn suit

HP ignored numerous warning signs about the state of Autonomy's finances and accounting irregularities at the firm before acquiring it for $11bn, shareholders have alleged in a $1bn lawsuit. The investors are suing HP's current CEO Meg Whitman, her predecessor Leo Apotheker, former HP chairman Ray Lane and Autonomy founder Mike …

Unions urge under-fire HP workers to 'resist' job cuts

Unite and the Public Services Commercial (PCS) unions will form a tag team to "use every means possible" to safeguard the jobs of 1,600 HP UK employees under risk of redundancy. The tech monster revealed late last night that it is hitting the eject button for 27,000 workers worldwide – including Autonomy founder Mike Lynch – by …

HP cuts 27,000 workers

As rumored last week, IT giant Hewlett-Packard is slashing its employee count worldwide to squeeze more profits from its revenue stream. The job cuts are not as deep as some had been expecting, but are still going to be tough on the company. In a statement put out ahead of its conference call with Wall Street analysts, HP said …

Hits keep on coming: HP buys Autonomy for $11bn cash

HP has confirmed it is buying Cambridge-based enterprise software company Autonomy for $10.24bn (£6.2bn). The acquisition was half-confirmed during last night's conference call, when the ink giant said the two companies were "in talks". But a statement from Autonomy this morning said the two company boards had agreed a cash …

Oracle accuses Autonomy chief of telling 'whopper'

Autonomy boss Mike Lynch has continued to deny trying to flog his company to Oracle before the recent controversial deal with HP - despite the database giant's blunt claims that he is telling "whoppers". Lynch was responding to Oracle CEO Larry Ellison's previous remarks to the effect that Autonomy was shopped to Oracle before …

HP finally swallows Autonomy

HP has finally concluded the $10.24bn acquisition of Cambridge-based enterprise search and BI software firm Autonomy. The £25.50-per-share offer was given the green light by 87 per cent of Autonomy's shareholders last night - a whopping 79 per cent premium on the stock price on 18 August when HP first lodged the bid. Reaching …

Quattrone blasts Ellison, says Autonomy is right

Investment banker Frank Quattrone has said Autonomy's Mike Lynch is right and Oracle is wrong: Mike Lynch did not shop Autonomy to Oracle - he did. Oracle, in a decidedly aggressive and blunt press release and website blitzkrieg, had said that Autonomy boss Mike Lynch, accompanied by Frank Quattrone, head of Qatalyst Partners, …

HP taps VC to run software unit

Ex-Microsoftie Bill Veghte was just getting comfortable in his dual roles as chief strategy officer and general manager of Hewlett-Packard's software business, and was just given the job of running HP's Autonomy big data business after last week's restructuring and the departure of Autonomy founder Mike Lynch. And today, Veghte …

HP takes a big profit haircut, too

This is taking "industry standard" a little too far perhaps. Dell's revenues got a haircut and its profits swooned in its most recent quarter, and Hewlett-Packard followed suit in its second fiscal quarter with profits falling a lot faster than its revenues dropped. The difference, of course, is that HP is a considerably larger …

Autonomy drops ACID test for copyrighted media

Autonomy has criticized Silicon Valley's Web 2.0 obsession with tagging to classify data, while launching its own software to help media companies scan web sites for pirated content. The enterprise search specialist has launched its Automatic Copyright Infringement Detection (ACID) software, which it claimed is capable of …