Holiday Surprise: HP Gets a Chunk of Coal
December 21, 2014
I read “US Judge Rejects HP Settlement in Autonomy Shareholder Case.” According to the foundation that cranks out “real” journalism:
A federal judge on Friday rejected Hewlett-Packard Co’s (HPQ.N) proposed settlement of shareholder litigation involving the information technology company’s botched acquisition of Autonomy Plc.
HP wanted everything in the Toys R US store; that is, most of what it paid for Autonomy back. Then the grinch spoiled the holiday.
HP will have to find a way to find a way to convert its management expertise into big content processing bucks Cutting the company in half may not be a tactic that effectively deals with its purchasing price, the management street fair, and the jousts with a judge.
What’s next? More legal cartwheels. Fascinating and lucrative for the attorneys involved with the matter. For HP I see the company cementing its position in business school case studies.
Stephen E Arnold, December 21, 2014
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