Updated with additional conference call comments from HP CEO Meg Whitman on Autonomy.
The company's purchase of U.K. software maker Autonomy last year has been thrust into the spotlight, however, as HP recorded a non-cash charge of around $8.8 billion related to the deal.
"The majority of this impairment charge is linked to serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation plc that occurred prior to HP's acquisition of Autonomy and the associated impact of those improprieties, failures and misrepresentations on the expected future financial performance of the Autonomy business over the long-term," explained HP, in a statement released before market open.The company's shares tumbled 9.55% in premarket trading to $12.03 on the news. "These improprieties were discovered through an internal investigation after a senior member of Autonomy's management team came forward following the departure of
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