The write down cost HP all of its Q3 profit and sunk its already record low stock by a further 12% after the announcement. Autonomy allegedly committed serious accounting improprieties which inflated its value.
#OMGPOP WRITEDOWN SOFTWARE#
HP’s US$8.8bn write-down: The world’s largest PC manufacturer is dying after having to deal with the fallout over its 2011 $10bn acquisition of the software company Autonomy. With that said, the stock rose significantly when she was hired and continues to look positive as they have reached an 18 month high.
Yahoo! getting Marissa Mayer: It’s obviously impossible to make a judgement in 6 months, especially when the CEO has given birth within them. More than 5-billion photos have officially been shared on Instagram. Instagram showed that a very lean start-up could achieve greatness through scale and innovation. The price of the acquisition was originally slated at $1bn, but Facebook’s falling share price (from $30 < to < $24) has decreased the costs of the sale. Instagram getting acquired by Facebook: Instagram’s employees must be on cloud nine after their rollercoaster year of being officially acquired for $730m. Zynga’s acquisition of OMGPOP: Zynga bought OMGPOP, the creators of Draw Something in March and have since posted less than impressive earnings, and while the stock enjoyed highs in the teens, it now sits around US$2 and has had to write down between US$85 and US$95m associated with the OMGPOP acquisition.
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