Daily: A brief post about mergers, accounting and shareholder value using Hewlett Packard

Below are a number of articles I feel are worth reading on the Hewlett Packard acquisition of Autonomy and the accounting scandal associated with writedowns from that acquisition. I want to briefly analyse the fallout from this episode from a number of different levels from the economy-wide macro to the company specific and investing.
First, looking at the autonomy acquisition from an economy-wide perspective, HP's quarterly report is interesting.  Here's how Tech Crunch reported the earnings report:

HP’s earnings for Q4 ending on October 31 show a gloomy quarter. Revenue is down 7 percent to $30 billion compared to Q4 2011. But the real problem comes from GAAP net income, with a net loss of $6.9 billion, or $3.49 per share, compared to a slim net profit of $0.2 billion for Q4 2011. Non-G...

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