Feeds

HP pays to end fraud probe

And starts buy-back scheme

5 things you didn’t know about cloud backup

HP is paying $55m to end an investigation into government procurement which suggested the ink giant was paying kickbacks to its channel partners in order to get government contracts.

HP said it was paying to end the investigation earlier this month, without admitting any guilt.

Assistant US Attorney General Tony West said: "As this case demonstrates, we will take action against those who seek to taint the government procurement process with illegal kickbacks," the SJ Mercury reports.

The case centred on payment of "influencer fees" to consultants paid to help government procurement projects. These were described as discounts or rebates but the DoJ was concerned they created a conflict of interest for channel partners supposedly looking for the best deals.

The DoJ continues to investigate Sun Microsystems and Accenture over similar allegations.

In other news HP told the SEC Monday that it intends to buy back $10bn of its own shares. In the quarter ended 31 July HP bought back $2.6bn of its own stock.

The SEC filing is here. ®

The essential guide to IT transformation

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
HUGE iPAD? Maybe. HUGE ADVERTS? That's for SURE
Noo! Hand not big enough! Don't look at meee!
AMD unveils 'single purpose' graphics card for PC gamers and NO ONE else
Chip maker claims the Radeon R9 285 is 'best in its class'
prev story

Whitepapers

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.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.