Autonomy founder Lynch unveils website, continuing public war with HP

The site contains Autonomy founder Mike Lynch's defenses against Hewlett-Packard's allegations of accounting fraud at the vendor

Autonomy founder Mike Lynch has created a new website where he will apparently keep a running stockpile of his responses to Hewlett-Packard's allegations of accounting fraud at the vendor.

The site, which is located at AutonomyAccounts.org, includes among other things the open letter Lynch recently wrote to HP's board, in which he denounced HP's actions and demanded the company provide more documentation for its claims about Autonomy, which HP purchased last year for US$10.3 billion in a widely criticized deal.

Lynch's new site "is designed to be a public point of contact for Dr. Mike Lynch and other former managers at Autonomy with the wider world," according to a statement posted on the homepage. "It will contain information about Autonomy and any public statements made on behalf of the former management team related to these issues."

In November, HP said it would take an $8.8 billion write-down, with about $5 billion of it connected to the alleged fraud, which HP maintains had gone undetected despite the deal's extensive vetting by outside auditors.

Lynch's letter calls HP's allegations "non-specific but highly damaging." He has maintained no wrongdoing on the part of himself or other members of Autonomy's leadership.

Lynch, who was ousted from Autonomy in May, has questioned how auditors could have possibly missed improprieties amounting to $5 billion, as well as whether any of that sum should instead be attributed to HP's own mismanagement since the acquisition.

HP has referred the matter to regulatory authorities in the U.S. and U.K., and has said it also plans to seek redress against "various parties" in civil court.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris' email address is Chris_Kanaracus@idg.com

Join the PC World newsletter!

Error: Please check your email address.

Tags business issuesCivil lawsuitslegalsoftwareSEC Filingsfinancial resultsbusiness managementHewlett-PackardCriminalpersonnelAutonomy

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?