HPQ

Discussion in 'Stocks' started by dealmaker, Mar 25, 2019.

  1. dealmaker

    dealmaker

    Lynch Charges

    U.S. prosecutors have filed new charges against Mike Lynch, the British entrepreneur who sold his data firm Autonomy to Hewlett-Packard. The 17-count indictment now includes new charges of securities fraud, wire fraud and conspiracy. HP says Lynch and former Autonomy CFO Sushovan Hussain inflated the company's value before the $11.7 billion sale, which led to an $8.8 billion write-down, and is suing them in the U.K. for $5.1 billion; the trial begins today. BBC
     
  2. dealmaker

    dealmaker

    HP's Fortunes


    Fortune's Erik Sherman takes a close look at HP's decision last week to restructure and boost dividends and share buybacks. The driver seems to come largely from changes in the ink market—as one UBS analyst said, "People are going offline and buying off-brand." Fortune