Investors Chronicle, February 2nd, 2007
580p - Software & computer services - Two weeks ago, before Autonomy announced its 2006 results, its shares fell 4 per cent after a US research organisation, the Center for Financial Research and Analysis (CFRA), released a report that questioned the group's accounting practices. Autonomy's corporate governance was already questionable: it rotates its chairman, the non-executive directors don't have fixed-term contracts, and it's debatable whether one of them is actually independent. Some investors had also been nervous when Autonomy acquired its larger US rival, Verity, in November 2005. No...
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