Feeds

HP pays to end fraud probe

And starts buy-back scheme

The Essential Guide to IT Transformation

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. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
You didn't get the MeMO? Asus Pad 7 Android tab is ... not bad
Really, er, stands out among cheapie 7-inchers
Apple winks at parents: C'mon, get your kid a tweaked Macbook Pro
Cheapest models given new processors, more RAM
4K video on terrestrial TV? Not if the WRC shares frequencies to mobiles
Have your say with Ofcom now, before Freeview becomes Feeview
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
YES, iPhones ARE getting slower with each new release of iOS
Old hardware doesn't get any faster with new software
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.