Tuesday, October 04, 2011

Britain's First Software Billionaire Now Reports to HP CEO Meg Whitman - Arik Hesseldahl - News - AllThingsD

No longer autonomous

Meanwhile, there’s the larger mission to worry about: HP has to prove that Autonomy was worth all that money, and there’s an awful lot at stake. HP shares are still trading near their lowest levels in six years, and closed today at $22.20, down 25 cents. According to the disputed slides prepared by Qatalyst partners that were shared at one time or another with Oracle, Autonomy is expected to bring in $1.1 billion in revenue next year, which would amount to less than 1 percent of HP’s forward revenue projection for 2012 of $127 billion. It’s going to be tough to make it pay. But like it or not, HP is stuck with it now.

Britain's First Software Billionaire Now Reports to HP CEO Meg Whitman - Arik Hesseldahl - News - AllThingsD

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