Autonomy

… erm, sort of.

The PC-maker is selling Autonomy’s stake in video advertising engine Blinkx, which is traded on London’s AIM market.

And since that stake is worth around 40 per cent more than when the acquisition for Autonomy was agreed in August 2011, HP’s accountants can book a handy profit of around £16m (depending when the actual sale occurs). So no hard feeling about that $8.8bn write-down then, Ms Whitman?

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Now we know what people mean when they say merger integration is torture. Former staff at Autonomy, the UK software company bought by Hewlett-Packard less than a year ago, say submitting to the US company’s “stifling” bureaucratic procedures felt “like being water-boarded”.

In turn, Meg Whitman, HP’s chief executive, has blamed “classic entrepreneurial company scaling challenges” for Autonomy’s “very disappointing” latest quarter. She has ditched Mike Lynch, the British group’s outspoken founder, often lauded in the UK as a hero of the homegrown technology sector.

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Richard Waters

You have to hand it to Oracle, it never misses a chance to humiliate its rivals in public.

On Wednesday it was the turn of Mike Lynch, the founder of Autonomy. His provocation? To have publicly denied that he tried to “shop” his company to Oracle before eventually selling to Hewlett-Packard. (This has now turned into a “he said, she said” – see updates, below) Read more

Maija Palmer

Hand holding ipadWhat a difference two years makes.  In 2009 my colleague Tim Bradshaw wrote about the advertising industry’s early experiments with augmented reality and the FT printed an AR image on its pages to give readers a practical demonstration.

We printed another augmented reality image on Tuesday, and the difference between the two projects has been like moving from black and white silent film to colour television. Read more