Hewlett Packard May Sue Accounting Firm over Autonomy Deal
August 30, 2014
Hewlett Packard fatigue is nibbling at my consciousness. I read “Hewlett-Packard Plans to Sue Deloitte’s UK Arm over Autonomy Audit.” HP appears to find others to blame for its decision to purchase Autonomy. The write up says:
Hewlett-Packard plans to sue the UK arm of accountancy firm Deloitte over its role in auditing Autonomy, the software company HP acquired but later accused of inflating financial figures, a lawyer for the US company said in court on Monday.
The Autonomy matter does keep HP in the news. However, the steady background hum of allegations about impropriety at Autonomy are like white noise. After a short time, the sound fades away.
The Autonomy matter, like the Fast Search & Technology financial restatement, suggests that search is a tough business to make into a massive, sustainable revenue stream.
Buying search technology appears to deliver headaches to those involved. Do the Autonomy and Fast Search issues suggest that content processing is easy to talk about and tough to turn into solutions that make everyone involved happy. Ooops. One group is very happy: the lawyers.
Stephen E Arnold, August 30, 2014
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