科技業投資銀行寒冬降臨

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ANChan59 | 2024-08-23 08:55
回覆 poonseelai 的帖子 多謝你的解釋。
我知道這是冰山一角,點止恆大一間。國內在港上市公司經常要脅d會計師partner 妥協,不然轉會計師,好多都屈服。

如果到自己可以簽report,咁就要自己決定狼狽為奸?抑或潔身自愛被炒魷?

poonseelai | 2024-08-23 09:16
Quote:ANChan59 發表於 24-8-23 08:55 回覆 poonseelai 的帖子 多謝你的解釋。

做奸嘅可以收好多$, 出事苦嘅係員工 要睇下新managing partner如果帶領水記重新出發, 之前那位6月30日已退休

ANChan59 | 2024-08-23 09:28
Quote:poonseelai 發表於 24-8-23 09:16 做奸嘅可以收好多$, 出事苦嘅係員工 要睇下新managing partner如果帶領水記重新出發, 之前那位6月30日已 ...

一將功成萬骨枯。 我都開心阿仔好早睇到這個現象,在香港再升上去,就要面對部份弄虛作假的所謂report,你敢唔敢簽?想唔想簽?

poonseelai | 2024-08-23 09:41
Quote:ANChan59 發表於 24-8-23 09:28 一將功成萬骨枯。 我都開心阿仔好早睇到這個現象,在香港再升上去,就要面對部份弄虛作假的所謂report, ...

今天嘅水記係包括price Waterhouse 同 coopers 合併, 再之後加入因enron事件爆煲的Arthur Anderson, AA 人出名marketing勁 , 同水記作風唔同, 聽說水記老闆原本唔建議接恒大這個job, 但前AA的老闆堅持 4月那封告密信也有講, 水記最高領導小組有十人, 全是前AA。講明先, 我無fact check過㗎

ANChan59 | 2024-08-23 09:48
Quote:poonseelai 發表於 24-8-23 09:41 今天嘅水記係包括price Waterhouse 同 coopers 合併, 再之後加入因enron事件爆煲的Arthur Anderson, AA 人 ...

我唔相信十個人都係來自AA,我相信貪字變貧。

RoseRosa | 2024-08-23 16:51
Quote:ANChan59 發表於 24-8-23 08:55 回覆 poonseelai 的帖子 多謝你的解釋。

其實天下烏鴉一樣黑。 【彭博】-- 曾經聲名遠播的英國科技大亨邁克·林奇,隨著他的豪華游艇在義大利西西裡島海岸沈沒而失蹤。他因把自己的軟件公司出售給惠普,而在美國捲入了刑事欺詐的官司,直到最近才全身而退。 這艘游艇名為「貝葉斯」(Bayesian),以一位英國數學家的名字命名。當風暴來襲時,59歲的林奇和他的妻子,還有他的幾位財務和法律顧問正在船上。他們正在慶祝兩個多月前林奇來之不易的無罪釋放,當時舊金山的一個陪審團裁定,對於他欺騙惠普以過高價格收購其軟件公司Autonomy Corp.的指控不成立。 林奇有時被譽為「英國的比爾·蓋茲」,他一直在設法恢復自己作為歐洲最成功企業家之一的聲譽。多年來他一直辯稱自己成了這次收購的替罪羊。惠普2011年斥資110億美元收購了Autonomy,而一年後將其減記了88億美元。

stillgood20 | 2024-08-23 17:21
Quote:RoseRosa 發表於 24-8-23 16:51
其實天下烏鴉一樣黑。

【彭博】-- 曾經聲名遠播的英國科技大亨邁克·林奇,隨著他的豪華游艇在義大利西西 ...
我補一句:
白天之下.無新事.

連拜灯總統也被共和黨批佢「腐敗」.家庭私人利益.
只是. 粉飾.
漂亮.不漂亮.

是理所當然.
還是.理佢後果.

一一一

e d笑話.
認真?

一一一

ANChan59 | 2024-08-23 17:27
我做咗fact check,略略查吓wiki ,已經睇到HP告唔入,英國美國商業犯罪,監管機構及FBI都認為冇足夠證據告Autonomy 或者會計師作假。 恆大就在香港及國內都搵到作假證據。 Takeover of Autonomy See also: Autonomy Corporation § Hewlett-Packard In November 2012, HP recorded a write-down of around $8.8 billion related to its acquisition a year earlier of the UK-based Autonomy Corporation PLC. HP accused Autonomy of deliberately inflating the value of the company prior to its takeover, which the former management team of Autonomy denied. At that time, HP had fired its previous CEO for expenses irregularities a year before, and appointed Apotheker as CEO and president. HP was seen as problematic by the market, with margins falling and having failed to redirect and establish itself in major new markets such as cloud and mobile services. As part of Apotheker's strategy, Autonomy was acquired by HP in October 2011. HP paid $10.3 billion for 87.3% of the shares, valuing Autonomy at around $11.7 billion (£7.4 billion) overall, a premium of around 79% over market price. The deal was widely criticized as "absurdly high", a "botched strategy shift" and a "chaotic" attempt to rapidly reposition HP and enhance earnings,[79][81][82] and had been objected to even by HP's own CFO.[83][84]: 3–6  Within a year, Apotheker was fired, major culture clashes became apparent, and HP wrote off $8.8 billion of Autonomy's value.[83] HP claimed that this resulted from "accounting improprieties, misrepresentations and disclosure failures" by the previous management, who in turn accused HP of a "textbook example of defensive stalling"[84]: 6  to conceal evidence of its own prior knowledge, gross mismanagement, and undermining of the company, noting public awareness since 2009 of its financial reporting issues[84]: 3  and that even HP's CFO disagreed with the price paid.[83][84]: 3–6  External observers generally stated that only a small part of the write-off appears to be due to accounting mis-statements, and that HP had previously overpaid for businesses.[83][170] The Serious Fraud Office (SFO) and the SEC joined the FBI in investigating the potential anomalies. HP incurred damage with its stock falling to its lowest in decades.[171][172][173] Three lawsuits were brought by shareholders against HP for the fall in value of HP shares. In August 2014, a United States district court judge threw out a proposed settlement, which Autonomy's previous management had argued would be collusive and intended to divert scrutiny of HP's own responsibility and knowledge. It essentially engaged the plaintiff's attorneys from the existing cases and redirected them against the previous Autonomy vendors and management for a fee of up to $48 million, with plaintiffs agreeing to end any claims against HP's management and similarly redirect those claims against the previous Autonomy vendors and management.[174][175] In January 2015 the SFO closed its investigation as the likelihood of a successful prosecution was low.[176] The dispute continued in the US, and is being investigated by the UK and Ireland Financial Reporting Council. On June 9, 2015, HP agreed to pay $100 million to investors who bought HP shares between August 19, 2011 and November 20, 2012, to settle the lawsuits over the Autonomy purchase.[177] Another term of the shareholder settlement was to sue Autonomy management, which occurred in London in 2019. HP "failed to produce a smoking gun for the fraud it alleges",[178] and its accountants admitted that they "never formally prepared anything to attribute the irregularities to the amount of the fraud".[178]

RoseRosa | 2024-08-23 17:46
"What you would do if you're a Silicon Valley entrepreneur, which hopefully all of you will be, is if it took off, then you'd hire a whole bunch of lawyers to go clean the mess up, right? But if nobody uses your product, it doesn't matter that you stole all the content." Former Google CEO Eric Schmidt 有律師團隊搞掂佢! 咪行業都係咁啦

ANChan59 | 2024-08-23 19:02
Quote:RoseRosa 發表於 24-8-23 17:46 "What you would do if you're a Silicon Valley entrepreneur, which hopefully all of you will be, is i ...

多謝你提出一個好juicy 嘅話題,我先至去睇番d資料。 美國政府加美國公司在美國告唔入,係較少見,他們的檢控及律師團隊都唔嘢少。 因為這單訴訟,所以法官及三個會計師事務所化很多時間解釋何謂銷售入帳,係有瑕疵,包括hardware sales, OEM sales ,reseller sales double count 或者冇recurring sales,但不是全部misrepresentations 。可能想告HP的當時CEO,因為溢價67%係天價,但搵唔到貪污證據,當時HP CFO不建議收購,當然要起身走人。 幾間大學商學院用這個cash study教學生M&A的注意事項。我特別感興趣係個溢價,因為基於收購後嘅synergy,但M &A之後的效益出唔到嚟,先用Autonomy做籍口,write off 85億'不是撇溢價,係total losses ,這個好難告得入Lynch。 後續的情節似CIA暗殺,因為政府條氣唔順。可以拍套戲,唔知會唔會收得。

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