HP bought Autonomy in 2011 but a year later it wrote down the value of the British company by $8.8 billion, saying it had uncovered serious accounting improprieties.
Who advised HP to acquire Autonomy?
UBS, Goldman Sachs, Citigroup, JPMorgan Chase and Bank of America were also advising Autonomy and were paid $5.4 million each.
Why did HP buy Autonomy?
HP had bought big data firm Autonomy with the aim of making it the centerpiece of a plan to transform HP from a computer and printer maker into a software-focused enterprise services firm , a shift that rival IBM had already pulled off. ... There was no fraud at Autonomy.”
Why did the merge of HP with Autonomy fail?
1 On November 20 of the following year, Hewlett-Packard announced an $8.8 billion write-down of its investment in Autonomy – citing “serious accounting improprieties... and outright misrepresentations .”2 The allegations of fraud were rebutted by Autonomy’s former CEO Michael Lynch and marked the beginning of a ...
Who owned Autonomy?
| Industry Information technology | Founded June 1996 (as Autonomy Corporation PLC) Cambridge, England, U.K. | Founder Michael Richard Lynch David Tabizel Richard Gaunt |
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What is an example of autonomy?
The definition of autonomy is independence in one’s thoughts or actions. A young adult from a strict household who is now living on her own for the first time is an example of someone experiencing autonomy.
What does autonomy mean in ethics?
The word autonomy comes from the Greek autos-nomos meaning “self-rule” or “self-determination”. According to Kantian ethics, autonomy is based on the human capacity to direct one’s life according to rational principles . He states, “Everything in nature works in accordance with laws.
What is meant by personal autonomy?
In its simplest sense, autonomy is about a person’s ability to act on his or her own values and interests . Taken from ancient Greek, the word means ‘self-legislation’ or ‘self-governance. ‘ Modern political thought and bioethics often stress that individual autonomy should be promoted and respected.
What does autonomy mean in psychology?
Autonomy refers to self-government and responsible control for one’s life . Relatedness refers to the social nature of human beings and the connectedness with others. Both can be considered as being part of the panhuman psychology and both are intrinsically intertwined.
What is Autonomy Idol?
HP’s next-generation information platform, IDOL (Intelligent Data Operating Layer), enables you to extract meaning and act on virtually all forms of information—including audio, video, images, social media, email, and web content, as well as structured data such as customer transaction logs.
What does autonomy mean in literature?
1 : the quality or state of being self-governing especially : the right of self-government The territory was granted autonomy. 2 : self-directing freedom and especially moral independence personal autonomy.
Why do you think Apotheker so eager to make an acquisition?
He may have been very keen on acquiring a software company because of the following: ... As CEO and chairman of company H, he strongly believed that the future profitability and growth of the business was in software .
Who funds autonomy think tank?
Given that CICIR is directly funded by MSS , and the Foreign Affairs Leading Group remains CICIR’s key research consumer, CICIR is best classified as a distinctly semi-official think tank with attributes of a Soviet-style intelligence agency (Shambaugh 2002, 583).
What’s another word for autonomy?
In this page you can discover 22 synonyms, antonyms, idiomatic expressions, and related words for autonomy, like: independence , self-reliance, freedom, legitimacy, sovereignty, self-direction, liberty, independency, free, accountability and voluntariness.
What exactly happened at autonomy?
So what is alleged to have happened? For one thing, Autonomy, as HP tells it, was selling some hardware at a loss . During a period of about eight quarters prior to HP’s acquisition, Autonomy sold some hardware products that had a very low margin or on which it may have even taken a loss.
What are the three types of autonomy?
Autonomy includes three facets consisting of behavioral, emotional, and cognitive self-government . Each of these areas of autonomy is essential to the development of young people at various points in their maturation.
