Vaporware Does Not Make You Rich
January 20, 2013
HP bought Autonomy in hopes to turn a profit from the company’s software, but upon delving into Autonomy’s records HP discovered they had invested in vaporware. Read Write focuses on the “Vaporware Allegation Latest HP/Autonomy Twist.” Stanley Morrical is suing HP, because he does not believe the software exists and all HP has to do is prove that it bought $10.3 billion worth of marketable software. To cover a possible blunder, HP claims that Autonomy fooled them with creative accounting and information misrepresentation. Morrical states that HP is doing this to cover its own tracks for making a foolish purchase or a nonexistent purchase.
“While claiming to have IDOL 10 ready, HP actually had nothing to sell, Morrical is accusing. Essentially, he claims, IDOL 10 was vaporware.
‘You go out in the market and say it’s available and it’s not,’ Aron Liang, an associate at the San Francisco law firm Cotchett Pitre & McCarthy, which is representing Morrical, said. ‘So either they knew it and they’re lying or they don’t even know what they’re selling, which in some ways may even be worse.’
David Schubmehl, a tech analyst for International Data Group, said he was briefed on IDOL 10 in June. However, Schubmehl says he hasn’t talked to any companies using the software.
‘I can’t confirm that anyone is actually using IDOL 10,’ Schubmehl said. ‘However, I have had briefings about that back in June and it certainly seemed to be part of their big data offerings.’”
Nobody has used IDOL 10 it seems, so how could a company have $900 million in revenues from vaporware? Somebody here is lying, but HP and Autonomy are pointing the finger at the other person. Whose nose is really growing?
Whitney Grace, January 20, 2013
Sponsored by ArnoldIT.com, developer of Beyond Search