Michael Dell: 'Overwhelmingly obvious' that HP paid too much for Autonomy - PC Retail

Michael Dell: 'Overwhelmingly obvious' that HP paid too much for Autonomy

Dell founder weighs in on HP’s price dispute
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Michael Dell has pitched in on the HP-Autonomy controversy, saying that the asking price was obviously too high.

HP purchased the British company for $10 billion during the tenure of its previous CEO Leo Apotheker, but is now embroiled in a legal battle with its acquisition, claiming that its value had been artificially inflated.

Michael Dell has added his opinion, stating that although he had the opportunity to buy Autonomy first, he didn’t because the price was too high.

“That was an overwhelmingly obvious conclusion that any reasonable person could draw,” commented Mr. Dell in an interview with the Sunday Telegraph.

His comments echo those made by Oracle CEO, Larry Ellison, who last September stated that Autonomy had offered itself for the price of $6 billion.

“We looked at the price and thought it was absurdly high. We had no interest in making the Autonomy acquisition,” Ellison had stated.

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