I used to work for HP in the UK. In fact, I worked for Digital Equipment, then Compaq and then HP - a sequence of corporate buyouts. HP has a long history of buying companies which have potential but they fail to integrate due to management incompetence. You really have to wonder about their efforts at due diligence in this case. They have no one to blame but themselves.
@@neilkurzman4907 Well, technically mega corporations are to blame for climate change, and the random tornado that sunk the yacht is un-precedented for that area, soooo it could be extrapolated that HP is partly and indirectly responsible for his death 😂
Its 4B and HP corporate pride and honore. Of course they will. Autonomy felt sketchy and people shaun them in Asia, I have heard tales of it, and other places.
HPE has every right at law to bring the damages claim to a close! Really the judge should have wrapped the whole case up there and then and disposed of the matter!
Why didn't HP pursue a civil case earlier its only been over 10 years? HP had its chance to do its due diligence - they should be reminded of the old economic principal of: "a fool and his money are soon parted."
The original acquisition was poorly structured. Clearly if I were Mike Lynch I would have allowed HP to perform DD to the fullest extent such that HP would waive all claims in future. Why would anyone do a deal that could have claw back to the extent we are seeing now.
@@neilkurzman4907 No, but his method of referral marketing was designed as an extreme model of SaaS that should have been be reflected in AR account. The Auditors could be blamed but at the end HP didn't do great due diligence. They always blamed the investors despite the good intentions esp in UK
Well I suppose you've lost the primary defendants and legal resource on the defence side, so HP can take advantage of that. Most companies listen to their own media relations team, who would state this is just making them look more incompetent hurting the brand and the stock price. They must be desperate to swallow this from the legal team they've assembled.
@@colbr6733 Lynch lost this case - the civil case - in the UK in Jan 2022. Only people who have fallen for Lynch's PR would think that HP is harmed by having the estate pay its debt to HP for the fraud he committed, per a UK court
This is HP Enterprise, they are doing it security solutions, data solutions, software solutions, and many other services. It’s different than the computer company, they separated years ago.
@@darkstar1449 It could just be proof of karma. What comes around goes around? Remember, one of the other guys from the case got hit by a car about the same time.
For forex, where would you set your stop loss and profit target? I seem to be making 2 pips a trade, does this seem right? Love your content, keep it up
Well when company executives are incompetent they go to court sniveling about their stupidity. Buyer beware. What on earth do these executives think they are paid for. Are they all in positions above their capacity are they all so pathetically incompetent.
Are they trying to push the poor widow and remaining daughter over the edge? They will.lose that in lost sales. Many will never by a HP product again. Let them lose 10 Bn! Sending my prayers to the remaining family.
You have no idea what’s going on and have come up to a final conclusion using a guess. He defaulted them in the acquisition of his company a decade ago. The lawsuit is not old and you don’t actually care.
Didnt HB have their legal team accountant team, investment team done homework on whether the company over inflated ,the worth of Automony was the American financial Authority not invovled? Was this a personal buyout? Ive no qualification on tech/ businesses buyout or take over, but Im sure Warren B, and his late business partner Munger would never conduct a buyout of any company without a reassurance from their legal investment team of its worth. Sorry HB incompetency at your front back side door, now suck it up and dont bring karma on the rest of your holdings a widow left with one child, and all the families and talents lost in that unspeakably tragedy, lots of money loss at your management incompetency.
Yes, they obviously didn’t do their due diligence. That doesn’t give him the right to steal. If you’ve committed fraud, you don’t get to keep the money for your fraud.
18 year old Hannah should not have suffocated to death on a 14 million dollars yacht.Captain and crew saved their shelves.🌹🎚️⚰️How many minutes before Captain and crew tried to help Mike and Hannah after Captain lost control of ship.
I think it's because of the time and they would have been sleeping. I understand the frustration, but the price of a yacht does not guarantee safety from unpredictable weather. it's nature. Although we must remember another member of the late Mr Lynch team died on the same day after a car accident now that the weirdess incident that it caught my eye the same moment it appeared on yt, I immediately posted on PW platform in the early hours I've never done that before. So I feel your frustration, and I don't even know these people, but a tragedy affects even the unknown. I hope Mrs Lynch and her daughter get through their grief so they can celebrate their memories. Imagine your child on her way in life, snuf out so young and bright.
Maybe they shouldn't have been on a yacht that had very poor stability recovery. The Captain and crew were tossed into the water when the yacht capsized. The weather turned from a breeze into a downburst in seconds. By that time, there was no helping anyone inside. You should get some facts before laying the blame.