Value Investing World

Tuesday, November 20, 2012

Jim Chanos Saw Autonomy's Problems...

While alleged fraud at Autonomy may have been a surprise to Hewlett-Packard, its auditors, its bankers and its executives, it wasn’t to short-seller Jim Chanos.

Chanos told me this morning that in early 2011, months before the HP-Autonomy deal, Autonomy was his biggest European short. Chanos' firm even wrote a report on it in July of that year.

Too bad HP didn’t read it.

Among the red flags the report pointed out – the following lifted directly from the report:

……………..

Meg Whitman was also on CNBC discussing the HP-Autonomy deal. Video: HP's Whitman on Autonomy Allegations

Chanos was also on CNBC in July discussing how he thought HPQ was a value trap, HERE.
Joe at 11/20/2012
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