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Billion due to serious improprieties and misrepresentations and disclosure failures that occurred prior to its purchase by Hewlett Packard. In other words, its fraud. After autonomys founder and ceo Michael Lynch was fired by meg whitman, sources close to the company tell me a Senior Executive from autonomy came forward with evidence of widespread accounting misrepresentations that occurred before it was bought by hp. Hp began an investigation and concluded that these accounting improprieties inflated the value by 5. 3 billion. The ceo then relied on audited financials when making a bid to buy...

There are more signs of hope for the pc business. Intel reported a 1 rise in sales. More corporate orders helped offset the overall decline in the Consumer Market pulse top that will be coming up later in the hour. I will speak with the cfo. The microsoft ceo has announced new Data Analysis tools at an event in san assist hopeful top it includes a limited preview of the service. It measures data from sensors connect it in the internet of things. Microsoft is taking on oracle and ibm. A federal judge has ruled against apple and threw these old is refusing to throughout an antitrust case. The mo...

Intel reported a 1 rise in sales. More corporate orders helped offset the overall decline in the consumer market. That will be coming up later in the hour. I will speak with the cfo. The microsoft ceo has announced new Data Analysis tools at an event in San Francisco. It includes a limited preview of the service. It measures data from sensors and connect it in the internet of things. Microsoft is taking on oracle and ibm. A federal judge has ruled against apple and is refusing to throw out an antitrust case. The move allows state officials and consumer attorneys to pursue damages against apple...

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.