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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 the company. Those financials were audited but there were plenty of investors out there who questioned autonomys growth rate. Sources close to the company allege that autonomy pursued a number of avenues to make margins, growth r ....
Since last weeks low. The nasdaq had its biggest percentage gain since january 2013. It was up 2. 4 . That was a gain of more than a hundred points to close at 4419. That would be do the math another half, that would be like 400 or 500 points. Yeah. A big move across the board. And you noticed that i think maybe the music does not imply up or down. Its not the markets are dog gogoing d of the two music strings that we have. I would, too, but its confusing now because people at home are like, oh, no, what happened . No, no, this is a hey, everybody if i can say one thing to you who pushes back if i have an opinion, you have the opposite. But did coke and mccdonalds yesterday matter, as i said . And the day before, did ip about m matter . And ibm was down another 6 yesterday. These are singular issues. No, i decided that you you were agreeing with me now, in hindsight, looking backwards. With hindsight, 20 20 vision . And i do want to talk about something today. I dont know if well get a ....