Autonomy founder and former CEO Mike Lynch told CNBC Tuesday that he was "shocked" by allegations of accounting fraud and blamed Hewlett-Packard, which acquired his company last year, for "mismanagement" that led to an $8.8 billion charge and sent HP's stock reeling.
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"We've been pretty ambushed by this today," Lynch said in an interview from London. "I think there's been significant mismanagement of the company."
Lynch's comments came after HP said earlier Tuesday that it was forced to take an $8.8 billion one-time charge because of "serious accounting improprieties" at Autonomy, which HP acquired for $11.1 billion in 2011.