Hewlett-Packard boss rules out Autonomy sale despite troubles

MEG WHITMAN, the chief executive of US technology firm Hewlett-Packard (HP) has ruled out selling Autonomy despite the grief her company has experienced with the British business.

Speaking in London yesterday, Whitman said: “We remain committed to this technology... we remain committed to the UK.” HP, which bought the Cambridge-based firm for $11bn (£7.2bn) in 2011 under Whitman’s predecessor, wrote down $8.8bn on the purchase last year, accusing former management of inflating its value. Mike Lynch, Autonomy’s founder, denies the allegations.

Whitman claimed it remains a crucial business, although she admitted the affair had dented morale.