3 ms·
Nothing sketchy about that per se, but the fraud element of the case centred around the allegation that autonomy didn't correctly account for the distinction be
by seanhunter 2y ago
Nothing sketchy about that per se, but the fraud element of the case centred around the allegation that autonomy didn't correctly account for the distinction between hardware and software sales when giving numbers to HP leading to an inflated (software based) multiple being used for the valuation at acquisition.
They were (allegedly) selling expensive disk drives for cost plus and telling investors they were making a software sale which obviously have very different growth characteristics as businesses.