“After HP agreed to acquire Autonomy for over $11.7 billion dollars, Oracle commented that Autonomy had been ‘shopped’ to Oracle as well, but Oracle wasn’t interested because the price was way too high. Mike Lynch, Autonomy CEO, then publically denied that his company had been shopped to Oracle. Specifically, Mr. Lynch said, “If some bank happened to come with us on a list, that is nothing to do with us.” Mr. Lynch then accused of Oracle of being ‘inaccurate’. Either Mr. Lynch has a very poor memory or he’s lying. ‘Some bank’ did not just happen to come to Oracle with Autonomy ‘on a list.’ The truth is that Mr. Lynch came to Oracle, along with his investment banker, Frank Quattrone, and met with Oracle’s head of M&A, Douglas Kehring and Oracle President Mark Hurd at 11 am on April 1, 2011. After listening to Mr. Lynch’s PowerPoint slide sales pitch to sell Autonomy to Oracle, Mr. Kehring and Mr. Hurd told Mr. Lynch that with a current market value of $6 billion, Autonomy was already extremely over-priced. The Lynch shopping visit to Oracle is easy to verify. We still have his PowerPoint slides.”

Hilarious

eBay ex-CEO Meg Whitman to take over his position.

HP is going to way of IBM by planning to cut off its dying PC hardware business.

Even just running in MobileSafari.

HPQ is down 20% on the news.

HP saw Apple as its only close competitor in terms of design and software. Android was considered ‘utterly crap’ as far as customer experience and interaction and Apple was clearly the one to beat.

Best Buy, sources tell us, is so unhappy that it has told HP it’s unwilling to pay for all the TouchPads it has taking up expensive space in its stores and warehouses and wants HP to take them back.