Saturday, 1 December 2012

HP BOUGHT AUTONOMY ‘OUT OF FRUSTRATION AND DESPERATION’ DESPITE RED FLAGS

http://bgr.com/2012/11/30/hp-autonomy-acquisition-debacle-detailed/

HP BOUGHT AUTONOMY ‘OUT OF FRUSTRATION AND DESPERATION’ DESPITE RED FLAGS

HP Autonomy Acquisition

4:08 PM

Nov 30, 2012 by 

Dating someone out of frustration and desperation is never a good idea, and it’s apparently not a good idea when it comes to corporate mergers either. Reuters recently posted a mammoth report detailing HP’s (HPQdisastrous acquisition of IT software firm Autonomy, and it doesn’t make former CEO Léo Apotheker look very good. Essentially, unnamed sources told Reuters that Apotheker was so desperate to transform HP from a hardware manufacturer into a software firm that he overlooked several warning signs when he agreed to buy Autonomy for $11.1 billion back in 2011. 

“What happened is he talked to Autonomy and they got into a dialogue and he told the board that we have to do something,” one source with direct knowledge of the deal told Reuters. “It was out of frustration and desperation to a large degree.”

The red flags surrounding Autonomy were many. For instance, Reuters notes that “questions about Autonomy’s books had surfaced as early as 2009, when renowned short seller Jim Chanos identified Autonomy’s shares as a shorting opportunity based on concerns such as how reported margins of around 50 percent did not seem to translate proportionately into cash flow.” What’s more, “HP CFO Cathie Lesjak did raise questions about HP’s ability to pay such a high price and whether it could integrate Autonomy well” before the deal was finished, but apparently these concerns were brushed aside.

Needless to say, such accounts raise questions about whether Apotheker was really as “stunned” as he claimed to be when he found out that the company he acquired had been accused of massive accounting fraud that forced HP to write off $8.8 billion.

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Friday, 30 November 2012

Occupy Sandy Relief NYC organizer Lopi Laroe writes: "We are in the middle of a humanitarian crisis. And the mayor is flying around in a fucking helicopter. He and his cronies see this as an opportunity to kick out locals & jack up rents on beachfront pro

https://www.facebook.com/photo.php?fbid=392462864167254&set=a.380505532029654.91112.380489552031252&type=1&theater

 

Liked · 29 minutes ago 

  


Occupy Sandy Relief NYC organizer Lopi Laroe writes:

Interviewed an older couple today who are afraid to leave their apt for more than a couple hrs at a time bc their landlord will put all their possessions out on the street & kick them out if they do. He claims he can't afford to restore power & heat but at the same time is fixing up his own house. The couple is trying to find an apartment to mo

ve to that is affordable. He needs an oxegen tank to breath. It runs on electricity. We gave them a generator but now its hard for them to get gas. Also, the candles they use are a hazard w the oxegen. They lost their grown son two years ago and are still deeply sad about it. I hugged the man while he sobbed in my arms. They did get a check for two months rent from FEMA, but that really doesn't solve much. Meanwhile, bloomberg flew in a helicopter from Manhattan to Rockaways today to visit. He didn't do anything though. He staged a photo op. We are in the middle of a humanitarian crisis. And the mayor is flying around in a fucking helicopter. He and his cronies see this as an opportunity to kick out locals & jack up rents on beachfront property. They want people to suffer. Don't believe me? It's the equivalent of starving people out so they have no choice but to leave their communities which is home to them. Larry, the man who cried in my arms today, has lived there since he was 13. He is 67 now. They just want to live out their retirement years by the sea.

Image by Chris Devlin

Thursday, 29 November 2012

WORK CAPABILITY ASSESSMENT AND DAY OF REMEMBRANCE Session: 2012-13 Date tabled: 05.11.2012

Parliament UK

 

Early day motion 687

WORK CAPABILITY ASSESSMENT AND DAY OF REMEMBRANCE

That this House wishes to record the case of Mr Brian McArdle who, having suffered a blood clot on his brain, was left paralysed on one side, unable to speak properly and blind in one eye and yet was summoned to an Atos work capacity assessment, before which he suffered a further stroke and was eventually informed he was to lose his disability benefits; notes with sadness that Mr McArdle died from a heart attack the day after his benefits were stopped and that his 13 year old son Kieran wrote to Atos to tell the company that their assessments `are killing genuine people like my dad'; and appreciates why disability campaigners like Susan Archibald are calling for the suspension of Atos assessments, and why Jim Moore and other campaigners are calling for 3 December to be a day of remembrance for all Atos victims.

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Total number of signatures: 26

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Showing 26 out of 26

NamePartyConstituencyDate Signed
Caton, Martin Labour Party Gower 13.11.2012
Corbyn, Jeremy Labour Party Islington North 13.11.2012
Dobbin, Jim Labour Party Heywood and Middleton 07.11.2012
Durkan, Mark Social Democratic and Labour Party Foyle 06.11.2012
Edwards, Jonathan Plaid Cymru Carmarthen East and Dinefwr 06.11.2012
Galloway, George Respect Bradford West 07.11.2012
Glindon, Mary Labour Party North Tyneside 07.11.2012
Godsiff, Roger Labour Party Birmingham Hall Green 12.11.2012
Hancock, Mike Liberal Democrats Portsmouth South 12.11.2012
Hopkins, Kelvin Labour Party Luton North 06.11.2012
Hosie, Stewart Scottish National Party Dundee East 19.11.2012
Jackson, Glenda Labour Party Hampstead and Kilburn 19.11.2012
Kaufman, Gerald Labour Party Manchester Gorton 09.11.2012
Lavery, Ian Labour Party Wansbeck 08.11.2012
Lucas, Caroline Green Party Brighton Pavilion 09.11.2012
McCrea, Dr William Democratic Unionist Party South Antrim 07.11.2012
McDonnell, John Labour Party Hayes and Harlington 05.11.2012
McGovern, Jim Labour Party Dundee West 22.11.2012
Meale, Alan Labour Party Mansfield 06.11.2012
Owen, Albert Labour Party Ynys Môn 13.11.2012
Ritchie, Margaret Social Democratic and Labour Party South Down 07.11.2012
Robertson, John Labour Party Glasgow North West 20.11.2012
Shannon, Jim Democratic Unionist Party Strangford 06.11.2012
Sharma, Virendra Labour Party Ealing Southall 08.11.2012
Simpson, David Democratic Unionist Party Upper Bann 07.11.2012
Skinner, Dennis Labour Party Bolsover 06.11.2012

Occupy London · Bradley Manning: Marine commander warned detention was inappropriate. The Guardian

https://www.facebook.com/permalink.php?story_fbid=440989022617183&id=124563204315456

 

Occupy London · 20,139 like this.
3 minutes ago ·  
  • Bradley Manning: Marine commander warned detention was inappropriate. The Guardian

    WikiLeaks suspect held at Quantico for nine months despite recommendation of 90 days maximum, pre-trial hearing told. The former commander of Quantico marine base in Virginia has revealed to the court martial of Bradley Manning that he warned his Pentagon superiors that the jail on the base was insufficiently prepared to deal with the long-term detention of the WikiLeaks suspect.

    Daniel Choike told a pre-trial hearing in Fort Meade, Maryland, that when Manning arrived at the brig on 29 July 2010, having been arrested in Iraq on suspicion of being the source of the massive WikiLeaks dump of state secrets, he informed his superior officer in the Pentagon that in his opinion Quantico was not the right place for the soldier should his detention last long.

    "I didn't feel that PFC Manning should be detained more than 90 days in the brig," he said.

    In the end, Manning spent nine months at Quantico – three times the maximum Choike thought appropriate. The soldier's treatment there prompted international protests from the UN, Amnesty International and other organisations that likened it to torture.

    Choike's admission that he had been aware of problems relating to Manning's incarceration at the Quantico brig came on Tuesday, at the end of an intense first day in the latest pre-trial hearing in the soldier's court martial. The army private, who worked as an intelligence analyst in a military base outside Baghdad from 2009 until his arrest in May 2010, faces 22 counts relating to the transfer of hundreds of thousands of confidential US documents to the whistleblowing website.

    After about seven hours of questioning, Choike told the judge presiding over the court martial, Colonel Denise Lind, that he had been concerned from the beginning that the brig at Quantico was unprepared for the long-term detention of such a high-profile case as Manning. He said he was worried about dealing with the media, about co-ordination of command and about medical handling of the detainee.

    He added that he "constantly" told his superior, Lieutenant General George Flynn, based in the Pentagon, that there were problems with the soldier's prolonged detention in Quantico. On Wednesday morning the court learnt that concern about the way Manning was being treated within the Quantico brig reached high levels within the military. An email was read out from Lieutenant Colonel Wright, the most senior expert on corrections issues within the Marines.

    He wrote to the commander of the brig to express his "concerns about recent decisions", in particular the removal on 2 March 2011 of Manning's underpants at night. Wright pointed out that the move was a contradiction – it treated Manning as if he were a suicide risk, and yet he had not actually been placed under a suicide risk order. "This is not the way we do business," Wright wrote.

    Despite his reprimand, the chief warrant officer at the brig, Denise Barnes, continued to remove the soldier's underwear every night for the next six weeks, until his transfer to a lesser-security regime at Fort Leavenworth on 20 April 2011.

    The morning was taken up with defence questioning of Robert Oltman, Quantico's security battalion commander in charge of the brig. Like Choike's earlier testimony, Oltman expressed his disatisfaction that Manning had been placed in Quantico in the first place, given the parlous state of its brig.

    "We indicated we didn't think our facility was the best for his detainment. It was supposed to be closed, it was not in the best of conditions, it needed repair," he said.

    The testimony throws into a new light the events at Quantico during Manning's nine-month incarceration. His treatment under a so-called "prevention of injury" order, or PoI, has become a cause célèbre for his supporters, who believe that the soldier was subjected to unlawful pre-trial punishment in an attempt to squeeze him for information that might prove useful in any ensuing prosecution of WikiLeaks and its founder, Julian Assange. This week's hearing is attracting considerable media attention, because it holds the promise that Manning might speak in public for the first time. He is listed on the defence roster of witnesses, though he has not yet been added to the official order of play for the hearing.

    The defence will be quizzing the doctors about the recommendations they made to the military hierarchy about the state of Manning's mental health. Court documents already released suggest that they advised on several occasions that the soldier was well enough to be taken off the PoI and returned to the general brig population, as he was no longer a suicide risk, yet the marine commanders ignored their specialist advice, in contravention of military rules.

    Article 13 of the Uniform Code of Military Justice prohibits punishment before trial of any individual, on the same assumption as that in civilian law that a person is innocent until proven guilty. Should the judge be convinced by the defence argument that Manning was subjected to unlawful pre-trial punishment at Quantico, she has the power to reduce his sentence should he be found guilty, or even throw out all the charges.

    Read more: http://www.guardian.co.uk/world/2012/nov/28/wikileaks-suspect-bradley-manning-jail

    MH

    Bradley Manning: Marine commander warned detention was inappropriate. @[180444840287:128:The Guardian]  WikiLeaks suspect held at Quantico for nine months despite recommendation of 90 days maximum, pre-trial hearing told. The former commander of Quantico marine base in Virginia has revealed to the court martial of Bradley Manning that he warned his Pentagon superiors that the jail on the base was insufficiently prepared to deal with the long-term detention of the WikiLeaks suspect.  Daniel Choike told a pre-trial hearing in Fort Meade, Maryland, that when Manning arrived at the brig on 29 July 2010, having been arrested in Iraq on suspicion of being the source of the massive WikiLeaks dump of state secrets, he informed his superior officer in the Pentagon that in his opinion Quantico was not the right place for the soldier should his detention last long.  "I didn't feel that PFC Manning should be detained more than 90 days in the brig," he said.  In the end, Manning spent nine months at Quantico &ndash; three times the maximum Choike thought appropriate. The soldier's treatment there prompted international protests from the UN, Amnesty International and other organisations that likened it to torture.  Choike's admission that he had been aware of problems relating to Manning's incarceration at the Quantico brig came on Tuesday, at the end of an intense first day in the latest pre-trial hearing in the soldier's court martial. The army private, who worked as an intelligence analyst in a military base outside Baghdad from 2009 until his arrest in May 2010, faces 22 counts relating to the transfer of hundreds of thousands of confidential US documents to the whistleblowing website.  After about seven hours of questioning, Choike told the judge presiding over the court martial, Colonel Denise Lind, that he had been concerned from the beginning that the brig at Quantico was unprepared for the long-term detention of such a high-profile case as Manning. He said he was worried about dealing with the media, about co-ordination of command and about medical handling of the detainee.  He added that he "constantly" told his superior, Lieutenant General George Flynn, based in the Pentagon, that there were problems with the soldier's prolonged detention in Quantico. On Wednesday morning the court learnt that concern about the way Manning was being treated within the Quantico brig reached high levels within the military. An email was read out from Lieutenant Colonel Wright, the most senior expert on corrections issues within the Marines.  He wrote to the commander of the brig to express his "concerns about recent decisions", in particular the removal on 2 March 2011 of Manning's underpants at night. Wright pointed out that the move was a contradiction &ndash; it treated Manning as if he were a suicide risk, and yet he had not actually been placed under a suicide risk order. "This is not the way we do business," Wright wrote.  Despite his reprimand, the chief warrant officer at the brig, Denise Barnes, continued to remove the soldier's underwear every night for the next six weeks, until his transfer to a lesser-security regime at Fort Leavenworth on 20 April 2011.  The morning was taken up with defence questioning of Robert Oltman, Quantico's security battalion commander in charge of the brig. Like Choike's earlier testimony, Oltman expressed his disatisfaction that Manning had been placed in Quantico in the first place, given the parlous state of its brig.  "We indicated we didn't think our facility was the best for his detainment. It was supposed to be closed, it was not in the best of conditions, it needed repair," he said.  The testimony throws into a new light the events at Quantico during Manning's nine-month incarceration. His treatment under a so-called "prevention of injury" order, or PoI, has become a cause c&eacute;l&egrave;bre for his supporters, who believe that the soldier was subjected to unlawful pre-trial punishment in an attempt to squeeze him for information that might prove useful in any ensuing prosecution of WikiLeaks and its founder, Julian Assange. This week's hearing is attracting considerable media attention, because it holds the promise that Manning might speak in public for the first time. He is listed on the defence roster of witnesses, though he has not yet been added to the official order of play for the hearing.  The defence will be quizzing the doctors about the recommendations they made to the military hierarchy about the state of Manning's mental health. Court documents already released suggest that they advised on several occasions that the soldier was well enough to be taken off the PoI and returned to the general brig population, as he was no longer a suicide risk, yet the marine commanders ignored their specialist advice, in contravention of military rules.  Article 13 of the Uniform Code of Military Justice prohibits punishment before trial of any individual, on the same assumption as that in civilian law that a person is innocent until proven guilty. Should the judge be convinced by the defence argument that Manning was subjected to unlawful pre-trial punishment at Quantico, she has the power to reduce his sentence should he be found guilty, or even throw out all the charges.  Read more: <a href=http://www.guardian.co.uk/world/2012/nov/28/wikileaks-suspect-bradley-manning..." width="398" style="border-color: initial; display: block; margin: 0px;" />
    Bradley Manning: Marine commander warned detention was inappropriate. The Guardian

    WikiLeaks suspect held at Quantico for nine months despite recommendation of

     90 days maximum, pre-trial hearing told. The former commander of Quantico marine base in Virginia has revealed to the court martial of Bradley Manning that he warned his Pentagon superiors that the jail on the base was insufficiently prepared to deal with the long-term detention of the WikiLeaks suspect.

    Daniel Choike told a pre-trial hearing in Fort Meade, Maryland, that when Manning arrived at the brig on 29 July 2010, having been arrested in Iraq on suspicion of being the source of the massive WikiLeaks dump of state secrets, he informed his superior officer in the Pentagon that in his opinion Quantico was not the right place for the soldier should his detention last long.

    "I didn't feel that PFC Manning should be detained more than 90 days in the brig," he said.

    In the end, Manning spent nine months at Quantico – three times the maximum Choike thought appropriate. The soldier's treatment there prompted international protests from the UN, Amnesty International and other organisations that likened it to torture.

    Choike's admission that he had been aware of problems relating to Manning's incarceration at the Quantico brig came on Tuesday, at the end of an intense first day in the latest pre-trial hearing in the soldier's court martial. The army private, who worked as an intelligence analyst in a military base outside Baghdad from 2009 until his arrest in May 2010, faces 22 counts relating to the transfer of hundreds of thousands of confidential US documents to the whistleblowing website.

    After about seven hours of questioning, Choike told the judge presiding over the court martial, Colonel Denise Lind, that he had been concerned from the beginning that the brig at Quantico was unprepared for the long-term detention of such a high-profile case as Manning. He said he was worried about dealing with the media, about co-ordination of command and about medical handling of the detainee.

    He added that he "constantly" told his superior, Lieutenant General George Flynn, based in the Pentagon, that there were problems with the soldier's prolonged detention in Quantico. On Wednesday morning the court learnt that concern about the way Manning was being treated within the Quantico brig reached high levels within the military. An email was read out from Lieutenant Colonel Wright, the most senior expert on corrections issues within the Marines.

    He wrote to the commander of the brig to express his "concerns about recent decisions", in particular the removal on 2 March 2011 of Manning's underpants at night. Wright pointed out that the move was a contradiction – it treated Manning as if he were a suicide risk, and yet he had not actually been placed under a suicide risk order. "This is not the way we do business," Wright wrote.

    Despite his reprimand, the chief warrant officer at the brig, Denise Barnes, continued to remove the soldier's underwear every night for the next six weeks, until his transfer to a lesser-security regime at Fort Leavenworth on 20 April 2011.

    The morning was taken up with defence questioning of Robert Oltman, Quantico's security battalion commander in charge of the brig. Like Choike's earlier testimony, Oltman expressed his disatisfaction that Manning had been placed in Quantico in the first place, given the parlous state of its brig.

    "We indicated we didn't think our facility was the best for his detainment. It was supposed to be closed, it was not in the best of conditions, it needed repair," he said.

    The testimony throws into a new light the events at Quantico during Manning's nine-month incarceration. His treatment under a so-called "prevention of injury" order, or PoI, has become a cause célèbre for his supporters, who believe that the soldier was subjected to unlawful pre-trial punishment in an attempt to squeeze him for information that might prove useful in any ensuing prosecution of WikiLeaks and its founder, Julian Assange. This week's hearing is attracting considerable media attention, because it holds the promise that Manning might speak in public for the first time. He is listed on the defence roster of witnesses, though he has not yet been added to the official order of play for the hearing.

    The defence will be quizzing the doctors about the recommendations they made to the military hierarchy about the state of Manning's mental health. Court documents already released suggest that they advised on several occasions that the soldier was well enough to be taken off the PoI and returned to the general brig population, as he was no longer a suicide risk, yet the marine commanders ignored their specialist advice, in contravention of military rules.

    Article 13 of the Uniform Code of Military Justice prohibits punishment before trial of any individual, on the same assumption as that in civilian law that a person is innocent until proven guilty. Should the judge be convinced by the defence argument that Manning was subjected to unlawful pre-trial punishment at Quantico, she has the power to reduce his sentence should he be found guilty, or even throw out all the charges.

    Read more: http://www.guardian.co.uk/world/2012/nov/28/wikileaks-suspect-bradley-manning-jail

Wednesday, 28 November 2012

Moody's Investor Service on Wednesday said it has lowered Hewlett-Packard's HPQ +2.99% long-term credit ratings to Baa1 from A3

http://www.marketwatch.com/story/h-ps-credit-rating-cut-by-moodys-2012-11-28?siteid=nbsh

Nov. 28, 2012, 3:49 p.m. EST

By Benjamin Pimentel

 

 

SAN FRANCISCO (MarketWatch) - Moody's Investor Service on Wednesday said it has lowered Hewlett-Packard's HPQ +2.99% long-term credit ratings to Baa1 from A3, with a negative outlook. "Although H-P will maintain strong to leading positions in a number of product areas, the company's credit profile will remain weaker than previously expected over the intermediate term," Moody's senior vice president Richard Lane said in a statement. Moody's said the negative rating outlook is based on concerns about competitive pressures, and execution challenges. H-P shares were last trading up 3% to $12.74. The stock has shed 8% this month, and has fallen 51% year-to-date.

 

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