The latest drama in HP’s ongoing saga is a decidedly wishy-washy story that suggests the board is considering a break up of the company’s businesses.
Former HP CEO Carly Fiorina, who left that company under a cloud, now paints herself as an economic whiz kid on Sunday morning talk shows. Note to Fiorina: Not everyone has amnesia.
More questions around HP’s cloud strategy cropped up this week with the reported departure of Zorawar Biri Singh, SVP of HP Converged Cloud and GM for HP Cloud Services.
Jeff Bezos, who founded Amazon 16 years ago, is the second-best CEO on the planet, according to Harvard Business Review’s latest rankings. Last month Fortune named him its Business Person of the Year.
For every high point of 2012, there were also a few forehead-slapping moments. From Apple Maps to HP’s Autonomy to the Facebook IPO, here’s the best of the worst.
Unconfirmed reports have it that the Carl Icahn, the infamous corporate raider, is buying up Hewlett-Packard shares. Investors think Icahn and HP’s board are meant for each other.
Hewlett-Packard’s Autonomy woes just keep on rolling; Cisco drops $1.2 billion on Meraki’s Wi-Fi smarts; and Amazon’s retail operations face sales tax bite on in more states — sparking questions on the impact on cloud services.
Meg Whitman’s claims that Autonomy executives deliberately misled HP over its $11 billion acquisition are under investigation by the authorities. But whatever the truth, the damage is already done, as the affair further erodes the fragile relationship between Silicon Valley and Europe’s brightest technology companies.
The Federal Bureau of Investigation is looking into HP’s allegations that former Autonomy management misled the company about its books, according to a Bloomberg News report. The SEC brought in the FBI because criminal acts have been alleged by HP management.
Autonomy’s former management, including Mike Lynch, deny HP charges that they misled, practiced bad accounting and failed to disclose key information to HP prior to its acquisition of Autonomy. HP has asked the US and UK authorities to pursue a criminal investigation.