Former Autonomy chief executive Dr Mike Lynch issued a statement Thursday following his acquittal of criminal charges, ending a 13-year legal battle with Hewlett-Packard which became one of Silicon Valley’s biggest fraud cases. He had been accused of falsely inflating revenues at the UK startup ahead of its $11 billion sale to HP in 2011.Commenting on the acquittal, Dr Lynch (pictured on the left above when he appeared at TechCrunch Disrupt) said: “I am elated with today’s verdict and grateful to the jury f ...

UK entrepreneur Mike Lynch has been cleared of all charges by a US jury in the high-profile fraud case related to the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.Dr Lynch, who was extradited to the United States to face trial just over a year ago, was acquitted alongside a former finance executive Stephen Chamberlain who had faced the same charges. They were accused of conspiracy and attempted fraud over the £8.3bn sale to HP - a deal that has been the subject of costly legal actio ...

Core Insights - Humane, an AI hardware startup founded by former Apple designers, is seeking a buyer after the lackluster debut of its AI Pin device [1][2] - The company is in discussions with HP and other firms, including multiple telecom companies, and has engaged investment bank Tidal Partners for advisory on a potential deal [1] Company Overview - The AI Pin is marketed as a smartphone replacement, allowing users to make calls, send texts, and perform searches through voice control [1] - The device is priced at $699 and requires a $24 monthly data subscription to T-Mobile [1] Product Reception - The AI Pin received a tepid response from gadget reviewers, with criticisms labeling it as untrustworthy and not very useful, describing it as "more science project than finished product" and "totally broken" [1] - Reviewers characterized the device as a "party trick" at best, indicating significant issues with its functionality [1] Funding and Financials - Humane raised $100 million in funding last year from notable investors including Microsoft, LG's venture arm, and Tiger Global, bringing its total funding to over $200 million [2] - Key backers include OpenAI CEO Sam Altman and Salesforce CEO Marc Benioff [2] Development Timeline - A source indicated that Humane is approximately six months behind its original timeline for product development, which is typical for hardware startups [2]

HP Inc. (NYSE:HPQ) Bank of America Global Technology Conference June 5, 2024 2:20 PM ET Company Participants Alex Cho - President, Personal Systems Conference Call Participants Ruplu Bhattacharya - BofA Securities Ruplu Bhattacharya Hey, everyone. Thanks for joining us today on the second day of our 2024 Global Technology Conference. My name is Ruplu Bhattacharya, and I'm with the equity research team covering IT hardware and electronics manufacturing services. Today I'm filling in for Wamsi Mohan, who is t ...

HP Inc. (NYSE:HPQ) Bank of America Global Technology Conference June 5, 2024 2:20 PM ET Company Participants Alex Cho - President, Personal Systems Conference Call Participants Ruplu Bhattacharya - BofA Securities Ruplu Bhattacharya Hey, everyone. Thanks for joining us today on the second day of our 2024 Global Technology Conference. My name is Ruplu Bhattacharya, and I'm with the equity research team covering IT hardware and electronics manufacturing services. Today I'm filling in for Wamsi Mohan, who is t ...

Have you evaluated the performance of HP's (HPQ) international operations for the quarter ending April 2024? Given the extensive global presence of this personal computer and printer maker, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. ...

The cycle could finally be turning in HP's favor.It's been lost in the shadows of flashier computing companies lately, but HP (HPQ 16.95%) is finally enjoying some time in the sun. The company reported financial results for its fiscal second quarter of 2024 after the market closed yesterday. And investors bid the stock higher today, with shares rising as much as 20% around midday, pushing the stock to within striking distance of its all-time high.Important improvements for HPI wouldn't necessarily call Q2 a ...

HP Inc. (NYSE:HPQ) Bernstein's 40th Annual Strategic Decisions Conference Call May 30, 2024 11:00 AM ET Company Participants Enrique Lores - President and Chief Executive Officer Conference Call Participants Toni Sacconaghi - Bernstein Research Toni Sacconaghi We are happy to have HP Inc.'s President and CEO, Enrique Lores, join us today. Just as a reminder, we do have Pigeonhole technology. So if you'd like to ask a question, you can submit it via Pigeonhole. I will pick it up on here and do my best to ask ...

HPQ is heading for its best single-session gain in more than 10 yearsDespite the major indexes swimming in red ink today, the shares of C3.ai Inc (NYSE:AI) and HP Inc (NYSE:HPQ) are skyrocketing, after the two tech companies reported better-than-expected fiscal fourth- and second-quarter results, respectively. C3.ai stock is 17.9% higher to trade at $28.19, on track for its best single-session gain since Feb. 29 and poised for its highest close since March 18. The artificial intelligence (AI) company's earn ...

Key TakeawaysHP shares jumped Thursday, a day after it reported second-quarter earnings that included growth in its PC sales.The company previously said that it believes it will benefit from the artificial intelligence (AI) era, as it has already announced a lineup of AI-powered PCs.CEO Enrique Lores said in Wednesday's earnings call that HP projects consumer adoption of its AI PCs to be modest in the second half of 2024, but rise significantly over the next three years. Shares of HP Inc. (HPQ) surged Thurs ...