Observers like Richard Windsor, a former technology analyst with Nomura, are unequivocal: H-P needs a new board of directors, period.
As a result, H-P shareholders have no way of evaluating the validity of H-P's claim.
WSJ: Common Sense: Hewlett-Packard Still Can't Handle the Truth
The meeting followed a weekend of H-P working to reassure investors and customers that it was business as normal at the company.
Mr. Lane said that he and Mr. Apotheker know the new board members and that they each have a background in a business that H-P is pursuing.
No deliberations over a Hurd or an Apotheker can mean much when the board is content to let a company like H-P lurch from pillar to post in hopes of quick revenue injections to stave off inevitable market share erosions.
Speaking at a conference Wednesday, H-P's interim CEO, Cathie Lesjak, said H-P's relationship with Oracle has been "strained" by Mr. Hurd's hiring.
Ms. Fisher wrote a brief letter absolving H-P of responsibility and declaring that there were "many inaccuracies" in the earlier letter, without specifying what they were.
The pair met in a conference room at H-P's Palo Alto headquarters, where the executive provided an outline of the alleged accounting fraud, Mr. Schultz said.
Liberals think they smell more than a little H-Y-P-O-C-R-I-S-Y.
Go to Wall Street and tell long, confusing stories about how you are transforming H-P from a low-margin to a high-margin business.
German prosecutors named H-P in a criminal bribery case against a current and two former employees, potentially exposing the computer maker to fines.
H-P hired a law firm to do its own investigation and has exonerated Mr. Hurd of sexual harassment, saying he didn't violate H-P's guidelines, even while refusing to disclose Ms. Fisher's allegations or H-P's findings.
WSJ: Common Sense: Hewlett-Packard Still Can't Handle the Truth
On Monday morning, H-P executives hosted a company meeting that was webcast to employees across the globe.
"Leveraged buyouts tend to leave existing customers and innovation at the curb, " H-P said in a press release.
The new directors bring the number of women on the 13 member H-P board to a grand total of four, or nearly 31%.
Hurd was forced out over allegations of inaccurate expense reports and sexual harassment of a former reality show actress and H-P contractor, Jodie Fisher.
H-P stockholders take a big hit, careers will be ruined (on both sides of the deal) and whatever marketplace promise Autonomy had may be destroyed.
FORBES: The Lesson of H-P for Mid-Market Companies: With Acquisitions, (Really) Do Your Homework
The company remains a bit player in a printer market dominated by giants like H-P.
It was destroyed in less than a year by the petty infighting at H-P.
FORBES: Links 21 Nov: HP v. Autonomy. Time To Make The Popcorn
At the time, one of these people said, H-P was looking for a way to unwind the deal before it closed, but couldn't find any material accounting issues.
H-P was expected to announce a reorganization that will move its imaging and printing group under its PC-making personal systems group.
Never mind the years of effort H-P spent -- including a controversial merger with Compaq -- becoming the world's largest PC maker.
Mr. Hurd, 53, also told these people that he's in a period of "mourning" about leaving H-P, likening his departure from the Palo Alto, Calif.
While Oracle is known for a cowboy atmosphere that accommodates sharp personalities, H-P is considered the tech industry's buttoned-up elder statesman, where employees take yearly classes in correct business conduct.
It revived its fortunes by retargeting itself as a productivity tool for warehouses, security teams at airports and other specialized locations where on-the-job effectiveness did require the ability to glide quietly along a smooth surface at 12 m.p.h.
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