The Autonomy Disaster of HP and its then-CEO Leo Apotheker

HPQ (Hewlett-Packard Company) stock chart (screenshot source: Google.com)

Remember the Autonomy disaster of the HP Board and its then CEO, Leo Apotheker? The latest news--

British Fraud Office Ends HP-Autonomy Inquiry - NYTimes.com Jan 19, 2015: "... After reviewing the Autonomy sale, the British authorities said on Monday that they would end their investigation, though a similar inquiry by the American authorities into potential accounting abuses would continue. “In respect of some aspects of the allegations, the S.F.O. has concluded that, on the information available to it, there is insufficient evidence for a realistic prospect of conviction,” the British authorities said in a statement on Monday."

For background see:

expri.com | tech news: Autonomy, HP -- the Apotheker mess Meg Whitman is trying to clean up: 02 July 2014 and

Views under the Palm | johnmpoole.com: Apotheker's Legacy of Wrecking HP Continues: 
Jan 8, 2013 ".... "According to a recent report in Fortune, HP CFO Kathie Lesjak tried to stop HP from buying Autonomy for nearly $12 billion ... thinking the price was too high, but she lost that battle to then-CEO Leo Apotheker."

Léo Apotheker - Wikipedia:: "Leo Apotheker is a German business executive. He served briefly as the chief executive officer of Hewlett-Packard from November 2010 until his firing in September 2011. He also served as co-chief executive officer of SAP from April 2008 until he resigned in February 2010 following a decision by that company to not renew his contract. During his tenure as chief executive at HP, the company lost more than $30 billion in market capitalization after a series of strategic missteps by the company, leading to his resignation...."

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HP To Split, Last Gasp for Old HPQ? (video)

Hewlett-Packard Splits Into Two Companies, Meg Whitman to Lead HP Enterprise -

Bloomberg’s Cory Johnson examines Hewlett-Packard’s split into two companies and a potential investment in Snapchat by Yahoo. He speaks with Betty Liu on “In the Loop.” (Oct. 6 -Bloomberg)

Hewlett-Packard Breaks Into Two Units to Stay Competitive - Bloomberg: "Hewlett-Packard Co. (HPQ) is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal-computing businesses it pioneered." see also: Meg Whitman will be CEO of Hewlett-Packard Enterprise and nonexecutive chairman of HP Inc.

Expri's analysis: One big Silicon Valley dinosaur, splits into 2 dinosaurs? One for enterprise in the model of IBM, and one for printers (2/3) and PCs. Doesn't sound like "innovation" but it may improve "shareholder value." Hard to see how HP is going to effectively compete against the likes of Lenovo, Oracle, Google, Amazon. Microsoft, et al.

How Google Could Easily Become A Dominant Investment Manager: Google has been making some waves recently over reports that it intends to enter the asset management industry following recent suitability studies the firm has conducted. Facebook has recently explored entering the financial services industry as well, as the company is reportedly seeking to set up an international monetary transactions service for Facebook users. However, what really sets Google apart in its foray into the financial services industry are its advanced analytics capabilities from Google keyword search volume to advanced satellite imagery that could be leveraged to predict macroeconomic and company trends, which could ultimately be applied to developing highly advanced investment strategies....


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