Cambridge software firm under fire

Bosses at computer giant HP took a £5.5bn hit after accusing former staff at a Cambridge software company it bought last year of misleading investors.

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HP in $8.8bn write-off in fourth quarter earnings

HP wrote off $8.8 billion US dollars in its fourth quarter earnings, with the majority linked to "serious accounting improprieties, misrepresentation and disclosure failures" discovered by an internal investigation.

The inquiry, run by accountancy firm PwC, was launched after a whistleblower at Autonomy approached HP with the allegations.

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