The inside story of a rotten Hewlett Packard deal to be told in trial of fallen British tech star
An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago will be resurrected Monday during a trial that will explore whether the deal was an illegal rip-off or a case of botched management.
The criminal trial in San Francisco federal court revolves around HP's acquisition of British software maker Autonomy, a deal that was celebrated as coup when it was announced in 2011, only to blow up into a costly debacle.
Before HP wrapped of the company started 85 years ago by Bill Hewlett and Dave Packard in a Palo Alto, California, garage that has become a Silicon Valley shrine.
