If Autonomy’s multi-billion dollar sale to Hewlett Packard
did not mark the end of an era then the announcement yesterday that
founder Dr Mike Lynch is to be moved aside by his new employers
officially closes a chapter in the history of Cambridge’s tech cluster
once and for all.
With Autonomy’s licence revenues seeing a “significant decline,” in Q2 2012 and set against a background of a big dip in HP’s profits and around 27,000 jobs cut
across the organisation, the company announced in its results statement
that Dr Lynch was to leave the company he built - “after a transition
period.” Bill Veghte, HP's chief strategy officer is being brought in
"to help improve Autonomy's performance."...
from Cambridge Business Media
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment