Autonomy Founder Lynch to HP: Don’t Point Your Finger at Me

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http://www.thevarguy.com – Autonomy founder and former CEO Mike Lynch has pushed back hard against Hewlett-Packard’s (NYSE: HPQ) claim that Autonomy used misleading accounting to boost its valuation, according to a published report. Lynch’s point is that $200 million worth of revenue fudges, even if it did occur, could not have triggered a $5 billion slide in Autonomy’s value. Doesn’t make sense, it’s bad arithmetic, he said. “After being ambushed by all this yesterday, I’ve had a chance to look at some of the things that they’re saying — it just doesn’t add up,” Lynch said last week. “H (IT news)