Autonomy founder's open letter denies HP allegations

Our tech specialist James Titcomb:

Ahead of Hewlett-Packard's annual meeting today, Autonomy founder Mike Lynch has published an open letter to shareholders raising questions for chief executive Meg Whitman. HP took an $8.8bn writedown in November of 2011's acquisition of the British software firm in 2011, alleging that Autonomy's former management inflated its accounts. Lynch, who emphatically denies the allegations and claims HP has managed Autonomy irresponsibly, said he "refuses to be a scapegoat for HP's failings".