HP's Autonomy Mishap: From High Expectations To High Anxiety


Aug. 18, 2011: HP Hails Autonomy Acquisition

HP CEO Leo Apotheker hailed the computer giant's $11.1 billion acquisition of Autonomy as "bold action" that would "squarely position HP in software and information to create the next-generation information platform and, thereby, create significant value for our shareholders." The one wild card never mentioned in the HP Autonomy announcement was that HP CFO Cathie Lesjak as later reported by Fortune Magazine had objected to the deal before the HP board of directors because of the hefty 11 times revenue price tag.