Autonomy News

The 43-year-old British IT firm provided the brains behind the technology, an accolade that saw its shares trade above 22 at the height of the dotcom boom.

Last week, HP CEO Meg Whitman tapped Bill Veghte A to take over the company's "disappointing" Autonomy business unit.

The company's offerings include various information processing options, both manual and automatic.

Gartner's global PC shipment report for the first quarter this year saw shipments in the U.S. fall 3.5% over the year to 15.5 million units.

Blinkx , the video search engine spun off from Autonomy in 2007, slumped 14.5 per cent this week on news that Autonomy founder Mike Lynch had left Hewlett-Packard . The departure sparked speculation that HP may sell its 12.6 per cent stake in Blinkx, which the US group inherited as part of its $10.2bn acquisition of Autonomy last year.

It was the $10 billion acquisition that helped sink Leo Apotheker. Larry Ellison called it overpriced.

British prime minister David Cameron will face demands to redraw Britain's relationship with Europe in the event of a Greek exit from the euro zone, senior government sources believe.

I like Dave Kellogg' s Twitter hashtag for this topic: "#thankyouleo" "Officially the reason for Lynch's departure and replacement by Bill Veghte -- HP's Chief Strategy Officer -- is that certain financial targets have not been met since the acquisition.

Huddle, the London-based online collaboration service, has raised $24m as it seeks to emulate UK tech success story Autonomy .

Network hardware , Network software , VoIP , Unified communications , Wireless , Mobile , Telecoms networks and broadband communications , Datacentre networking , Network routing and switching , Network monitoring and analysis , Network security strategy , WAN performance and optimisation Analysts have attacked HP's decision to axe Mike Lynch from ... (more)

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If any deal symbolises the foolishness of allowing the short-termism of investors to trump the national interest, it was the October 2011 sale of software pioneer Autonomy to ailing computer hardware giant Hewlett-Packard. One can fully understand the desire of Autonomy's trailblazing founder Mike Lynch to cash out of a company that he had created.

The real bad news is that Mike Lynch, founder of Autonomy , upon which Hewlett-Packard lavished $10.3 billion just last year, is leaving the company.

Just because you know something is going to happen - particularly something bad - it can still have a negative impact.

One Facebook executive reportedly called the analysts at 21 Wall Street firms telling them to cut their estimates just a few days into the roadshow.

Regardless of his gung-ho attitude at the partner conference that took place recently, it appears that HP's restructuring plan has Autonomy co-founder Mike Lynch's name on its chopping block.

Hewlett-Packard Wednesday delivered a double-barreled buckshot of bad news: disclosing that it plans to slash 27,000 jobs, or about 8 percent of its work force, and that its cloud computing mainstay Autonomy experienced a significant decline in license revenue.

In this March 9, 2012 file photo, Hewlett Packard CEO and President Meg Whitman speaks at a conference on the Stanford University campus in Palo Alto, Calif.

Second quarter non-GAAP diluted earnings per share of $0.98, above previously provided outlook of $0.88 to $0.91 per share Second quarter GAAP diluted earnings per share of $0.80, above previously provided outlook of $0.68 to $0.71 per share Q2 FY12 Q2 FY11 Y/Y GAAP net revenue $30.7 $31.6 GAAP operating margin 7.2% 9.4% GAAP net earnings $1.6 $2.3 ... (more)

CAMBRIDGE, England and SAN FRANCISCO, May 11, 2012 /PRNewswire/ -- Autonomy , an HP Company, today announced that it has been named a Leader in the May 2012 report: "The Forrester Wave : Digital Asset Management for Customer Experience, Q2 2012." Autonomy is one of two vendors named a Leader in the report, out of twelve vendors evaluated.