02 July 2014

Autonomy, HP -- the Apotheker mess Meg Whitman is trying to clean up

Can Meg Whitman save HP? - CBS News: ".... There aren't many tech companies that have been able to make this type of transition. "You're right," said Whitman. "You have to be willing to cannibalize your existing business. Frankly, I'd rather do it to myself than have someone do it to me." In Las Vegas this month, Whitman revealed that Hewlett-Packard is working on a radical redesign of computing, a project it calls "The Machine." "This changes everything," she said in Las Vegas. How? By building computers in an entirely new way, using light to move data instead of copper wires, and combining all forms of the computer's memory in the same place. What will The Machine be able to do? "It will be able to compute much faster with huge amounts of data," Whitman said. "And it will also take up a lot less space and pull a lot less energy."...."

Not many CEOs have the perseverance of HP CEO Meg Whitman -- if HP survives, she deserves a lot of credit --

Hewlett-Packard and shareholders reach settlement in suit over Autonomy deal - San Jose Mercury News: "...HP has  been widely criticized for ignoring red flags when it paid $11 billion for Autonomy in 2011. For years before that, analysts and others had raised doubts about the software company, and HP in November 2012 wrote down Autonomy's value by $8.8 billion. That prompted some of its shareholders to file suit, claiming the Palo Alto company's executives misrepresented how much prior checking they did on Autonomy, exaggerated the importance of Autonomy's technology and delayed publicly acknowledging Autonomy's problems months after learning of them. In its defense, HP claims it was misled about the British firm's worth because of "accounting improprieties, misrepresentation and disclosure failures" by Autonomy's executives. The U.S. Department of Justice, the Securities and Exchange Commission, and the U.K.'s Serious Fraud Office all are looking into HP's charges. In addition, Air Force investigators have filed similar accusations against Autonomy officials, seeking to bar them from doing business with the military...."

A look back:
Views under the Palm | johnmpoole.com: Apotheker's Legacy of Wrecking HP Continues: Jan 8, 2013 ".... If only HP had not hired Apotheker but a CEO who could have advanced webOS.... "According to a recent report in Fortune, HP CFO Kathie Lesjak tried to stop HP from buying Autonomy for nearly $12 billion last summer, thinking the price was too high, but she lost that battle to then-CEO Leo Apotheker."--$12 billion down the drain. What a waste!"

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Wall Street Journal
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This past week at its I/O event, Google disclosed a plethora of additional details regarding its plans for Android Wear and unveiled additional spin-offs ...

Amazon Web Services Introduces New Low-Cost General Purpose Instance Type forAmazon EC2
Wall Street Journal
Amazon Web Services, Inc. (AWS), an Amazon.com company, today announced the availability of T2 instances, a new Amazon ...

Google Glass taking fans closer to the action
CHICAGO (AP) -- Your favorite team is playing for the title, and you are in the middle of the field. You have a ticket in the very top row for an NBA ...

Apple patches iOS, OS X and Safari on Mega Monday
Nine of the 19 Mavericks vulnerabilities -- and 8 of the 11 critical flaws -- were reported toApple by Ian Beer, a Google security engineer. Along with ...

Enigmatic Disappearance Of Ocean Garbage Patch"Millions Of tons. That’s how much plastic should be floating in the world’s oceans, given our ubiquitous use of the stuff. But a new study finds that 99% of this plastic is missing. Plastic junk is floating widely on the world’s oceans, but there’s less of it than expected, a study says"

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