HP bought Autonomy ‘out of frustration and desperation’ despite red flags

HP bought Autonomy ‘out of frustration and desperation’ despite red flagsDating someone out of frustration and desperation is never a good idea, and it’s apparently not a good idea when it comes to corporate mergers either. Reuters recently posted a mammoth report detailing HP’s (HPQ) disastrous acquisition of IT software firm Autonomy, and it doesn’t make former CEO Léo Apotheker look very good. Essentially, unnamed sources told Reuters that Apotheker was so desperate to transform HP from a hardware manufacturer into a software firm that he overlooked several warning signs when he agreed to buy Autonomy for $ 11.1 billion back in 2011. “What happened is he talked to Autonomy and they got into a dialogue and he told the board that we have to do something,” one source with direct knowledge of the


Full Story Via Tech News Headlines – Yahoo! News

Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>