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What's more, Lynch called on the HP board to release details on alleged "inappropriate acceleration of revenue with value added resellers" and the "creation of revenue where no end user customer existed at the time of sale."
"Please provide a breakdown of the relative contribution for revenue, cash flow, profit and write down in relation to the alleged "mischaracterization" of hardware that "HP did not realize Autonomy sold," wrote Lynch.
Further, Lynch wants HP to confirm that Whitman and other HP senior management were aware of Autonomy’s hardware sales before 2012 and whether Autonomy, as part of HP, continued "to sell third-party hardware of materially similar value after acquisition?"
"Was this accounted for by HP and was this reported in the Autonomy segment of their accounts?" he asked in the open letter.
Among Lynch's other questions for the HP board:
"Can HP really state that no part of the $5 billion write down was, or should be, attributed to HP’s operational and financial mismanagement of Autonomy since the acquisition?"
"How many people employed by Autonomy in September 2011 have left or resigned under the management of HP?"
"Why did HP senior management "apparently wait six months" to inform its shareholders of the possibility of a "material event" related to Autonomy?
"I have been truly saddened by the events of the past months, and am shocked and appalled by the events of the past week," Lynch wrote. "I believe it is in the best interests of all parties for this situation to be resolved as quickly as possible. I am placing this letter in the public domain in the interests of complete transparency."
PUBLISHED NOV. 27, 2012
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