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Wednesday, 21 November 2012

HP Plunges on $8.8 Billion Charge From Autonomy Writedown

Hewlett-Packard Co. accused Autonomy Corp., the software maker it bought last year, of a broad range of financial falsehoods resulting in an $8.8 billion writedown, adding to challenges facing Chief Executive Officer Meg Whitman in the midst of a multiyear turnaround. Shares plunged.
Read more: Bloomberg news

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