4 ms·
Didn't anyone (really) check before putting money at a $10 Billion valuation??
by itsoverjohnny 11y ago
Didn't anyone (really) check before putting money at a $10 Billion valuation??
- csours 11y agoWhile I was still at HP, they bought a company called Autonomy for 11B USD.[1][2] No one ever knew what they did. HP wrote off 9B USD in 2012. 1. https://en.wikipedia.org/wiki/HP_Autonomy https://en.wikipedia.org/wiki/HP_Autonomy 2. http://www.marketwatch.com/story/the-mysterious-case-of-hewlett-packards-autonomy-deal-2014-08-19 http://www.marketwatch.com/story/the-mysterious-case-of-hewl...
- eitally 11y agoAutonomy did a lot of hand waving ... but at the end, they did a decent job specializing in electronic records management & e-discovery / litigation holds. Not nearly enough to justify the ludicrous price, but at the time HP was desperate for something to help them compete in any sort of "big data" market.
- csours 11y agoI also question HP's decision to announce their entry in the cloud market via the Onion [1] 1. http://www.theonion.com/video/hp-offers-that-cloud-thing-everyone-is-talking-abo-28789 http://www.theonion.com/video/hp-offers-that-cloud-thing-eve...