This past week HP fired their CEO Leo Apotheker, making him the third CEO in a row to part with HP prematurely. But of all the departures this one one is the least surprising by far. His announcement that he was to buy Autonomy for a staggering $10.3 Billion -- far more than anyone else figured the firm was worth -- and spin of its market leading PC division was surely the most spectacular act of self-immolation in a long time
I cannot say that the acquisition by HP of search giant Autonomy bodes well. Taking the parties' past histories into account, this simply doesn't seem to be a good long term match. Hence my advice is
Well, it has been almost a year since Autonomy CEO Mike Lynch announced that his firm was to make a major acquisition. Today it happened.