Struggling computer manufacturer Hewlett-Packard on Tuesday reported a massive $8.8 billion write-down stemming from its 2011 purchase of software company Autonomy for $11.1 billion. H-P alleged that Autonomy had engaged in widespread accounting fraud that artificially inflated the value of the company, a charge denied by Autonomy's former CEO, Mike Lynch. The write-down is just the latest in a series of blows to HP, which has struggled with dwindling profits as consumers increasingly use Apple computers and smartphones as their main platforms for using the internet.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Syrian women know how to defeat ISIS
- 43 TV shows to watch in 2014
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The U.S. Marines are developing laser weapons. Here's why.
- The one thing the New Atheists get right about religion
- 5 baffling foreign-language versions of the Fresh Prince of Bel-Air theme song
- 6 things the happiest families all have in common
- Will Kobani be ISIS's Waterloo?
- Briefing: Offshore drilling and the environment
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