Autonomy founder lashes out at HP’s ‘complete ambush’

HP Autonomy Scandal

Autonomy founder Mike Lynch is still hopping mad at HP’s (HPQ) accusations that his former company committed accounting fraud. In a new interview with Business Insider, Lynch accuses HP of conducting a “complete ambush” and says that he will not be the “scapegoat” for the company’s purported poor business decisions. Lynch also said that the $8.8 billion write off HP reported for its Autonomy acquisition was a smokescreen for deeper problems at the company and said that “they tried to blame it on the accounting but obviously something else is going on.” Lynch told the Wall Street Journal earlier this week that he found it suspicious that HP would level accusations against his former company at the same time it released “the worst set of results in their 70 year company history.”

Source:
Business Insider
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