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  4. HP Gains on Winning Case Against Lynch in 2011 Autonomy Deal
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HP Gains on Winning Case Against Lynch in 2011 Autonomy Deal

By Dhirendra Tripathi AiVIF.com – HP stock (NYSE:HPQ) traded 1.6% higher Friday after a British judge ruled that it was short-changed when it bought Autonomy in 2011 for $11...
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HP Gains on Winning Case Against Lynch in 2011 Autonomy Deal © Reuters

By Dhirendra Tripathi

AiVIF.com – HP stock (NYSE:HPQ) traded 1.6% higher Friday after a British judge ruled that it was short-changed when it bought Autonomy in 2011 for $11 billion.

Justice Robert Hildyard held Autonomy-owner Mike Lynch guilty of inflating the company’s books before selling it to HP.

According to Reuters, HP won the majority of its civil case against Lynch though the damages to be announced at a later date will be significantly smaller than the $5 billion demanded.

Giving his verdict on Friday, Judge Hildyard found that Lynch and his finance director Sushovan Hussain had concealed a "fire sale" of hardware and engaged in convoluted reselling schemes to mask a shortfall in sales of their company’s software, the business HP wanted to pivot itself away from hardware.

HP wrote down Autonomy’s value by $8.8 billion in 2012. It sued Lynch in 2015 and sold the remnants of its acquisition along with other assets to British company Micro Focus in 2016.

All eyes are now on U.K. Home Secretary Priti Patel who has until the end of the day to decide whether to extradite Lynch to the U.S.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Sell (5)

GBP/USD

1.2624

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

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Sell (6)

USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.6522

+0.0007 (+0.11%)

Summary

Sell

Moving Avg:

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USD/CAD

1.3543

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EUR/JPY

163.37

+0.12 (+0.07%)

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EUR/CHF

0.9738

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2,254.80

42.10 (1.90%)

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Moving Avg:

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Silver Futures

25.100

+0.002 (+0.01%)

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83.11

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5,082.85

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S&P 500

5,254.35

+5.86 (+0.11%)

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18,504.51

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7,952.62

+20.64 (+0.26%)

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16,541.42

0.00 (0.00%)

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Neutral

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US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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Neutral

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11,074.60

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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Cập nhật 31-03-2024 10:19:52
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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