Feeds

HP pays to end fraud probe

And starts buy-back scheme

Choosing a cloud hosting partner with confidence

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. ®

Remote control for virtualized desktops

More from The Register

next story
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Intel's LAME DUCK mobile chips gobbled by CASH COW
Chipzilla won't have money-losing mobe unit to kick about anymore
First in line to order a Nexus 6? AT&T has a BRICK for you
Black Screen of Death plagues early Google-mobe batch
Ford's B-Max: Fiesta-based runaround that goes THUNK
... when you close the slidey doors, that is ...
Disturbance in the force lets phones detect gestures with Wi-Fi
These are the movement detection devices you're looking for
prev story

Whitepapers

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.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
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?