Sept. 26, 2011: Partners Urge HP To Nix The Deal
HP partners reacted to the Apotheker ouster, urging Whitman to reconsider the Autonomy deal. They said they are perplexed by the deal, which is flat out too expensive and is putting intense pressure on HP's balance sheet. "This is a company that has no business spending money or attempting complex, strategic acquisitions," Daniel Duffy, CEO of Valley Network Solutions, Fresno, Calif., told CRN. "They need to first get their house in order and restore customer and channel confidence."