- Joined
- May 7, 2005
- Messages
- 7,237

Reminds me of Hewlett Parkard's takeover of Autonomy, bought Autonomy for $11Bn, in an effort to cast off its drab image, 12 months later wrote off $8.8Bn once they realised they had been duped. HP's own fault as due diligence would have shown the dubious practises Autonomy was using which were common in the software industry. Not blatant rip off like Garner but just the right side of accountancy in the UK but all faltering to the published accounts, a 2 week comprehensive audit would have flushed the practises out. TVS wanted a big name for their foray into the large bike sector and will now have to pay out all over again.