The former chief executive officer of Autonomy has come out with a statement categorically denying allegations which were recently made by HP.
“The former management team of Autonomy was shocked to see this statement today, and flatly rejects these allegations, which are false,” a spokeswoman for former Autonomy chief Mike Lynch is quoted by Reuters as saying.
HP has said in a statement that, after an investigation, it found “some former members of Autonomy’s management team used …

Hewlett-Packard (HP) had some harsh words against former owners of Autonomy after it reported its fiscal fourth quarter performance.
The company now believes that Autonomy, which it bought in 2011 for $11.1 billion, was overvalued due to “serious accounting improprieties” on Autonomy’s part.
The statement made by HP follows an internal investigation over the matter and after the company tallied a massive $8.8 billion “impairment charge” on its books for Q4 2012 over its Autonomy …

Hewlett-Packard (HP) has come out with a stern allegation against former owners of Autonomy, the company it acquired for over $11 billion last year.
According to HP, the former owners of the company have committed “serious accounting improprieties”.
HP says that it tallied in its fourth-quarter 2012 earnings report a massive write-off totaling to $8.8 billion as a result of these “improprieties” by former Autonomy owners.
For the third quarter, HP still doesn’t look good although its …

HTC is apparently happy with its recent settlement with Apple as its CEO also rebutted price estimates of how much the company will be paying Apple per handset it makes in the future.
Speaking to members of the media in Tokyo on Tuesday, HTC CEO Peter Chou said that price estimates currently going around are “outrageous”, Reuters  says in a report.
“I think that these estimates are baseless and very, very wrong. It is a outrageous number, but I’m not going to comment anything on a …

The United States Department of Justice (DoJ) has sued eBay for allegedly violating antitrust laws due to an understanding it entered to with Intuit.
According to a report from Bloomberg, the DoJ said in a lawsuit filed in a federal court in San Jose, California that:
“This agreement harmed employees by lowering the salaries and benefits they might otherwise have commanded, and deprived these employees of better job opportunities at the other company.”
eBay and Intuit agreed to limit …

Hon Hai Precision Industry Co. Ltd. has revealed that one of its business arms has bought more land in Brazil.
The news comes from the Agence France-Presse which says that Hon Hai has confirmed that its subsidiary Foxconn CMMSG Industria de Electronicos Ltda. has bought 1.42 million square meters or about 350 acres of land in Brazil.
The price of the real estate purchase specified to be $12.6 million by Hon Hai.
The company said it bought the land from Toulouse Incorporacao SPE LTDA.
Hon Hai …

T-Mobile USA announced today the appointment of Michael Sievert as its new chief marketing officer (CMO), effective on Monday, November 19.
Sievert is a marketing veteran of 20 years in tech and telecom sectors who has worked with AT&T Wireless Clearwire, IBM, Microsoft and Procter & Gamble.
“Mike is a unique creative genius, and his track record as a disruptive force in tech and telecom couldn’t be better suited to our plans to redefine wireless as America’s un-carrier,” said …

Internet initially was just used as point-to-point communication, later it became the quickest platform for communication and today Internet is THE versatile platform for people around the world. Anything is possible with Internet. World has really become a global village and the seven continents are melding into one because of this versatile platform. You can now talk with your friend, find information for your research, shop across countries, join forums of your interest, earn money or start …

AT&T has been named the best place to work for lesbian, gay, bisexual and transgender (LGBT) employees, the company and the Human Rights Campaign (HRC) have announced.
This marks the ninth consecutive year AT&T has been bestowed the recognition which the company said is a product of their drive to harness diversity and push for inclusion of these diverse backgrounds in their workforce.
According to the wireless carrier, it scored 100 percent at this year’s HRC Corporate Equality …

Sharp may boost the output of one of its new display panel factory to near-full capacity as early as the end of this year, a new report says.
The information comes to us from the Yomiuri newspaper through a report from Reuters.
According to the newspaper, Sharp may increase output of its Kameyama Number 2 plant to near 100 percent in the coming months.
Currently, the plant, which makes indium gallium zinc oxide (IGZO) displays, has an output that is just 30 percent of its full capacity.
IGZO …