Nov. 20, 2012: Apotheker Is Stunned
Apotheker, the driving force behind the Autonomy acquisition, tells The Wall Street Journal that he is both "stunned and disappointed" to learn of Autonomy's alleged accounting improprieties. "The developments are a shock to the many who believed in the company, myself included," he told the Journal in a prepared statement. "But I also share the sentiment of HP's current leadership and continue to believe in Autonomy's market potential, as its core software expertise remains sound. Looking back on the acquisition, which closed in September 2011, the due diligence process was meticulous and thorough, and included two of the world's largest and most respected auditing firms working on behalf of HP."