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Path: ...!3.eu.feeder.erje.net!feeder.erje.net!weretis.net!feeder8.news.weretis.net!eternal-september.org!feeder3.eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail From: Simon Clubley <clubley@remove_me.eisner.decus.org-Earth.UFP> Newsgroups: comp.os.vms Subject: Re: Mike Lynch not guilty of defrauding HP Date: Thu, 13 Jun 2024 12:34:18 -0000 (UTC) Organization: A noiseless patient Spider Lines: 53 Message-ID: <v4ep0a$28rii$1@dont-email.me> References: <v4c4k9$1l3li$1@dont-email.me> <v4clke$1mhff$1@dont-email.me> <v4cmbl$1ojm6$1@dont-email.me> MIME-Version: 1.0 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 8bit Injection-Date: Thu, 13 Jun 2024 14:34:18 +0200 (CEST) Injection-Info: dont-email.me; posting-host="bb4e53878da7256b731c9bc7d5d32172"; logging-data="2387538"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX1/5BP377LM5ONYVGhOHaADwz3/TuCQcjeg=" User-Agent: slrn/0.9.8.1 (VMS/Multinet) Cancel-Lock: sha1:ufqlhAg9gLINcDIFckCfDrtI/o0= Bytes: 3035 On 2024-06-12, Arne Vajh�j <arne@vajhoej.dk> wrote: > On 6/12/2024 1:24 PM, Robert A. Brooks wrote: >> On 6/12/2024 8:34 AM, Simon Clubley wrote: >>> [This happened several days ago, so I am surprised to see nobody has >>> mentioned it yet.] >>> >>> The criminal trial of Mike Lynch of Autonomy, which saw him extradited >>> from the UK against his will, has ended in disaster for HP, as he has >>> been found not guilty of all charges. >>> >>> https://www.theregister.com/2024/06/06/mike_lynch_cleared/ >>> >>> I wonder if this is going to have any implications for today's HP. >> >> If anything, I'd expect it would affect HPE, not HP, Inc. >> >> However, given that HP(E) took a massive writeoff for the Autonomy fiasco >> awhile ago, I suspect it'll have a tiny impact, if at all. > > I don't think there will be any impact. > > According to the article there has been 3 separate trials. > > Civil fraud case in the UK. HPE won and they are currently > fighting over the compensation amount. HPE wants 4 B$. > I wonder if there is now a case for an appeal or a major reduction in the amount of penalty that needs to be paid. > Criminal case against Autonomy CFO in the US. He was > convicted and served 5 years. > Likewise. > Criminal case against Autonomy CEO in the US. He has now > been acquitted. His defense seems to have focused on that > he was involved in product development and product sales > but not in financial reports. > The fact these prior two cases exist make me even more surprised about the not guilty verdict in this case. Regardless of how you look at it, it was _very_ clear that HP did not do their homework when deciding whether to buy Autonomy which made the guilty verdicts in the first two cases even more surprising. Simon. -- Simon Clubley, clubley@remove_me.eisner.decus.org-Earth.UFP Walking destinations on a map are further away than they appear.