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

Aug. 8, 2012: HP Takes $8 Billion EDS Charge

HP said it was taking an $8 billion write-off from its $13.9 billion acquisition of services giant EDS in 2008. The news was particularly troubling for Autonomy, given the synergies that software business was hoping to get from working closely with the HP Services unit to drive big Autonomy deals with Fortune 500 companies. HP also said HP Services Chief John Visentin was leaving the company.

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