( ) -q-19- UNDATED (Correspondent Jeremy House) “a costly debacle.” An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being dug up at a trial in San Francisco. [CutID: <Cuts> HEWLETT-PACKARD-TRIAL-house-q-MONam.mp3 Time: 19s Title: HEWLETT-PACKARD-TRIAL-house-q-MONam Out-cue: a costly debacle] TAG: Correspondent Jeremy House reporting. The alleged […]
Audio
Fallen British tech star to tell inside story of rotten Hewlett Packard deal in trial
( ) -q-19- UNDATED (Correspondent Jeremy House) “a costly debacle.”
An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being dug up at a trial in San Francisco.
[CutID: <Cuts> HEWLETT-PACKARD-TRIAL-house-q-MONam.mp3
Time: 19s
Title: HEWLETT-PACKARD-TRIAL-house-q-MONam
Out-cue: a costly debacle]
TAG: Correspondent Jeremy House reporting. The alleged perpetrators in the trial are former Autonomy CEO Mike Lynch, who was once lionized as an example of British ingenuity, and Stephen Chamberlain, a former finance executive at Autonomy.
————————————-
VERBATIM: The trial is exploring whether the deal was an illegal rip-off or a case of botched management. The trial revolves around HP’s acquisition of British software maker Autonomy. It was a deal that was celebrated as coup when it was announced in 2011, only to blow up into a costly debacle.