Nov
30
2018
--

DoJ charges Autonomy founder with fraud over $11BN sale to HP

U.K. entrepreneur turned billionaire investor Mike Lynch has been charged with fraud in the U.S. over the 2011 sale of his enterprise software company.

Lynch sold Autonomy, the big data company he founded back in 1996, to computer giant HP for around $11 billion some seven years ago.

But within a year around three-quarters of the value of the business had been written off, with HP accusing Autonomy’s management of accounting misrepresentations and disclosure failures.

Lynch has always rejected the allegations, and after HP sought to sue him in U.K. courts he countersued in 2015.

Meanwhile, the U.K.’s own Serious Fraud Office dropped an investigation into the Autonomy sale in 2015 — finding “insufficient evidence for a realistic prospect of conviction.”

But now the DoJ has filed charges in a San Francisco court, accusing Lynch and other senior Autonomy executives of making false statements that inflated the value of the company.

They face 14 counts of conspiracy and fraud, according to Reuters — a charge that carries a maximum penalty of 20 years in prison.

We’ve reached out to Lynch’s fund, Invoke Capital, for comment on the latest development.

The BBC has obtained a statement from his lawyers, Chris Morvillo of Clifford Chance and Reid Weingarten of Steptoe & Johnson, which describes the indictment as “a travesty of justice,”

The statement also claims Lynch is being made a scapegoat for HP’s failures, framing the allegations as a business dispute over the application of U.K. accounting standards. 

Two years ago we interviewed Lynch onstage at TechCrunch Disrupt London and he mocked the morass of allegations still swirling around the acquisition as “spin and bullshit.”

Following the latest developments, the BBC reports that Lynch has stepped down as a scientific adviser to the U.K. government.

“Dr. Lynch has decided to resign his membership of the CST [Council for Science and Technology] with immediate effect. We appreciate the valuable contribution he has made to the CST in recent years,” a government spokesperson told it.

Aug
02
2017
--

HP’s new Nvidia-powered backpack VR PC is designed for work, not play

 HP has a new entrant in that most curious PC niche – the backpack computer. A product of the virtual reality computing wave, the backpack PC provides all the power needed to drive high-quality VR headsets like Oculus Rift and HTC Vive, but with a form factor that allows the user to roam about untethered. The new HP Z VR Backpack is a bit different from the rest of the field, though,… Read More

Sep
12
2016
--

Microsoft snatches HP CRM and service business from rivals Salesforce and Oracle

HP printer In what has to be characterized as huge win for Microsoft, it announced this morning it had secured a 6-year deal with HP, Inc to run Microsoft Dynamics’ customer relationship management (CRM) and service software. What’s more, it grabbed this deal at the expense of its rivals. HP, Inc. had been a Salesforce CRM customer, while Oracle had been its service software provider.… Read More

Apr
18
2016
--

OpenText acquires HP customer experience content management for $170 million

OpenText headquarters OpenText, the Canadian content management company, announced today that it was buying much of the customer experience content management business from HP Inc, the consumer printer business that emerged after the HP split last year. The deal was for approximately $170 million, according to a statement released by OpenText. What’s more OpenText expects the assets to generate… Read More

Oct
21
2015
--

HP Sells Network Security Business TippingPoint To Trend Micro For $300M

security globe On the heels of Dell buying EMC for $67 billion and Western Digital buying SanDisk for $19 billion, HP is selling off its TippingPoint network security business to TrendMicro for $300 million. TippingPoint is a provider of next-generation intrusion systems and network security solutions, and HP says that in future it will resell network security services from partners (including… Read More

May
18
2015
--

Ansible Partners With Cisco, CSC, HP And Rackspace To Make Deploying And Managing OpenStack Easier

DSC09940 Enterprise IT automation service Ansible today announced that it’s partnering with HP, RackSpace, CSC, Cisco and the open source community to help make deploying and managing OpenStack clouds easier. While the open source cloud computing platform is now extremely powerful, few of its users would argue that it is very easy to stand up an OpenStack cloud. Read More

Feb
26
2015
--

Who Wins The Battle of The Disrupted Tech Giants: HP Or IBM?

Two big football players wrestling for position. It’s been a rough several years for the once-mighty technology behemoths, HP and IBM, and while each has the cash and resources to chug along for years to come, both companies have struggled to find a foothold in a fast-changing market. HP once represented the archetypal Silicon Valley company, a pillar of the computer world, a place where a teenage Steve Jobs worked one summer and cut… Read More

Jan
30
2015
--

OpenStack Live 2015: FAQs on the who, what, where, when, why & how

This April 13-14 Percona is introducing an annual conference called OpenStack Live. I’ve seen a few questions about the new event so decided to help clarify what this show is about and who should attend.

Unlike OpenStack Summits, held twice a year and dedicated to primarily to developers, OpenStack Live is an opportunity for OpenStack evaluators and users of all levels to learn from experts on topics such as how to deploy, optimize, and manage OpenStack and the role of MySQL as a crucial technology in this free and open-source cloud computing software platform. A full day of hands-on tutorials will also focus on making OpenStack users more productive and confident in this emerging technology.

OpenStack Live 2015: FAQs on the who, what, where, when, why & howStill confused about OpenStack Live 2015? Fear not! Here are the answers to commonly asked questions.

Q: Who should attend?
A: You should attend…

  • if you are currently using OpenStack and want to improve your skills and knowledge
  • if you are evaluating or considering using it.
  • if you are a solutions provider – this is your opportunity to show the world your contributions and services

Q: Percona Live has a conference committee. Does OpenStack Live have one, too?
A: Yes and it’s a completely different committee comprised of:

  • Mark Atwood, Director of Open Source Engagement at HP (Conference Chairman)
  • Rich Bowen, OpenStack Community Liaison at Red Hat
  • Jason Rouault, Senior Director OpenStack Cloud at Time Warner Cable
  • Peter Boros, Principal Architect at Percona

Q: Are the tutorials really “hands-on”?
A: Yes and most are at least 3-hours long. So you’ll need your laptop and power cord. Here’s a look at all of the OpenStack tutorials.

Q: How meaty are the sessions?
A: Very meaty indeed! Here’s a sample:

Q: I am going to attend the Percona Live MySQL Conference and Expo. Will my pass also include OpenStack Live 2015?
A: Yes, your Percona Live pass will be honored at the OpenStack Live conference. OpenStack Live attendees will also have access to the Percona Live/OpenStack Live Exhibit hall, keynotes, receptions and FUN activities April 13 and 16, allowing them to dive deeper into MySQL topics such as high availability, security, performance optimization, and much more. However, the OpenStack Live pass does not allow access to Percona Live breakout sessions or tutorials.

Q: Where can I register?
A: You can register here and take advantage of Early Bird discounts but those end Feb. 1 at 11:30 p.m. PST, so hurry!

The post OpenStack Live 2015: FAQs on the who, what, where, when, why & how appeared first on MySQL Performance Blog.

Jan
19
2015
--

British Authorities Drop Autonomy Accounting Inquiry, US Investigation Continues

Doing the books with computer, paper ledger and iPhone. The British Serious Fraud Office today dropped its investigation into accusations of accounting improprieties at Autonomy, citing insufficient evidence to continue the investigation, but it made clear that the US investigation would continue. “In respect of some aspects of the allegations, the SFO has concluded that, on the information available to it, there is insufficient evidence for… Read More

Nov
11
2014
--

Percona Live MySQL Conference Call for Proposals closes Nov. 16

Percona Live MySQL Conference and ExpoThe Percona Live MySQL Conference in Silicon Valley (April 13-16, 2015) features a full day of tutorial sessions and three full days with keynote talks and breakout sessions from leading MySQL experts from around the world. Birds of a Feather sessions, two networking receptions, and a community dinner all offer great opportunities to network with the MySQL community. To make the Percona Live MySQL Conference 2015 even better than the great 2014 event, we need outstanding content from community members.

Submit your speaking proposals now for tutorials or breakout session on the Percona Live conference website. Accepted speakers receive a full conference pass and the sincere gratitude of attendees who will eagerly await your presentations. The Percona Live MySQL Conference call for proposals closes November 16.

We are currently seeking proposals for both breakout and tutorial sessions on the following topics:

  • High Availability
  • DevOps
  • Programming
  • Performance Optimization
  • Replication & Backup
  • MySQL in the Cloud
  • MySQL and NoSQL
  • MySQL Case Studies
  • Security
  • What’s New in MySQL

All submissions will be reviewed by the outstanding Conference Committee of community members:

  • Shlomi Noach from Outbrain
  • Tamar Bercovici from Box
  • Colin Charles from MariaDB
  • Sean Chighizola from Big Fish Games
  • Jeremy Cole from Google
  • Harrison Fisk from Facebook
  • Patrick Galbraith from HP
  • Jay Janssen from Percona
  • Chris Schneider from Ning.com
  • John Scott from Wellcentive
  • Gwen Shapira from Cloudera
  • Shivinder Singh from Verizon
  • Calvin Sun from Twitter
  • Morgan Tocker from Oracle
  • Peter Zaitsev from Percona

Submit your proposals now by visiting the Percona Live MySQL Conference 2015 website. The submission deadline is November 16.

If you plan to attend the conference but won’t be submitting, register now to get the lowest available rate. Visit the Percona Live MySQL Conference 2015 website for full details.

Percona Live MySQL Conference and Expo

The post Percona Live MySQL Conference Call for Proposals closes Nov. 16 appeared first on MySQL Performance Blog.

Powered by WordPress | Theme: Aeros 2.0 by TheBuckmaker.com