Feeds

HP pays to end kickback probe

This doesn't mean we're guilty

5 things you didn’t know about cloud backup

HP is taking a two cents per share charge to end a Department of Justice investigation into bribery allegations.

The company stressed that it was not admitting any wrongdoing, of course.

The DOJ investigation began in 2007 and included Accenture and Sun.

It centred on allegations that the three companies improperly charged for government contracts by either snaffling discounts or handing them onto channel partners rather than back to the government. The DOJ said at the time: "These alliance relationships and the resulting alliance benefits amount to kickbacks and undisclosed conflict of interest relationships."

HP said the deal with the DOJ would have "a negative impact of approximately 2 cents on third quarter fiscal year 2010 earnings per share". It did not otherwise update guidance.

HP's statement is here.

The settlement still needs court approval. ®

5 things you didn’t know about cloud backup

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?