Feeds

HP pays to end kickback probe

This doesn't mean we're guilty

Next gen security for virtualised datacentres

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. ®

The essential guide to IT transformation

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft: Azure isn't ready for biz-critical apps … yet
Microsoft will move its own IT to the cloud to avoid $200m server bill
Oracle reveals 32-core, 10 BEEELLION-transistor SPARC M7
New chip scales to 1024 cores, 8192 threads 64 TB RAM, at speeds over 3.6GHz
US regulators OK sale of IBM's x86 server biz to Lenovo
Now all that remains is for gov't offices to ban the boxes
Object storage bods Exablox: RAID is dead, baby. RAID is dead
Bring your own disks to its object appliances
Nimble's latest mutants GORGE themselves on unlucky forerunners
Crossing Sandy Bridges without stopping for breath
prev story

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.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate 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?