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| “I've always thought that Autonomy had a strong whiff of fraud about it.” (comment) | ||
| recommended by 2 users | 2011 | AlexMuir on: HP to buy Autonomy for $11 billion | aged well | corporate fraud | original thread | | ||
| AlexMuir on Aug 19, 2011 | on: HP to buy Autonomy for $11 billion | view on HN | ||
| 2 users recommended this comment. What they said: |
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kitsune_ Nov 20, 2012 | on: HP takes a $8.8 billion writeoff, alleging Autonomy… | context | aged well
Back when the deal was announced I was exteremely skeptical. $10.2 billions for a relatively unknown UK software company that focuses on document management? 10 billions?! Their (Autonomy's) past acquisitions looked rather erratic to me. I also did not understand as to why a hardware company like HP would buy a software company in the first place. Then there were all the glassdoor posts discussed here on HN... the whole deal just looked shady even back then. edit: http://news.ycombinator.com/item?id=2902749 I just stumbled upon this comment by AlexMuir, it was the most upvoted comment on the HN discussion about HP's acquisition of Autonomy AlexMuir pretty much called it. |
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bugsbunnyak Nov 20, 2012 | on: HP takes a $8.8 billion writeoff, alleging Autonomy… | context | aged well
I thought this sounded familiar - AlexMuir called it: http://news.ycombinator.com/item?id=2902749 and score one for Larry Ellison: http://news.ycombinator.com/item?id=3051730 |
| Also recommended by people who recommended this: | ||
| 1. | Oracle Calls Out Autonomy CEO (oracle.com) | |
| recommended by 1 user | 2011 | 74 points by sutro | original thread | | ||
I've always thought that Autonomy had a strong whiff of fraud about it. I never hear anyone talk about working there, their financial reporting is often shadier than Groupon's, there's a Madoff-esque figure at the top (in the sense that he seems to be treated as almost godlike), and no-one seems to use its products.
I know it powers the FT's search facility and they joke about how useless it is.
My only explanation has been that it perhaps has a heavy focus on intelligence work.
I hope HP are prepared for some lengthy due diligence.