Summary: HP has announced that it will be opening an
Autonomy channel programme as a way of showing its commitment to its resellers, whilst attempting to align all business units.
HP recently wrote off PS5.1bn from quarterly earnings, with the majority linked to its accusations of "serious accounting improprieties, misrepresentation and disclosure failures" at
Autonomy.
HP said on Tuesday that an internal investigation had found that
Autonomy was substantially overvalued at the time of acquisition due to the misstatement of
Autonomy's financial performance, including its revenue, core growth rate and gross margins, and the misrepresentation of its business mix.
HP has alerted the Serious Fraud Office and threatened legal action after alleging former
Autonomy bosses used "accounting improprieties" to boost its value prior to takeover.
'He (Cayetano) could help mention our struggle for
autonomy with the President.
For example, administrative
autonomy is partly shared with relevant government agencies.
The major challenge faced by local governments in getting
autonomy seems to stem majorly from the constitution, the 1999 constitution though accords local government the position of a third tier of government but restricts its total independence by providing for a state and local government joint account putting the finances of the council areas under the administration of the state.
Children,
Autonomy and the Courts: Beyond the Right to be Heard