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Pompano Beach, FL -- (SBWIRE) -- 01/02/2013 -- Hewlett-Packard Company (NYSE:HPQ), stated that the United States Department of Justice (DOJ) has opened an inquiry into Autonomy.
How Should Investors Trade HPQ Now? Don’t Miss out a Special Trend Analysis
Hewlett-Packard Company has accused the UK firm's management of cooking the books to inflate its value ahead of HP acquired the firm previous year.
DOJ officials informed HP of the investigation on 21 November, the firm stated in its yearly 10-K filing to the US Securities and Exchange Commission (SEC) on Friday.
Back in November, Hewlett-Packard CEO Meg Whitman alleged that Autonomy falsified its financial records to inflate its value after a whistleblower lifted concerns over the company's practices, and HP took an $8.8 billion write-down on the purchase of Autonomy.
At the current trading session, Hewlett-Packard Company (NYSE:HPQ) shares are increased +5.12% to $14.98 while the stocks are trading within the range of $14.74 – $15.49. In the past year, the stock has traded within a range of $11.35 – $30.00. Average daily trading volume is 34.68 million shares.
Is HPQ a Solid Investment at These Levels? Read This Report For Details
If we look at a few other stocks within industry, International Business Machines Corp, Cray Inc, Inc and Graphics International Corp were in the gainers list. Let’s have a quick look on their Market performance.
International Business Machines Corp. (NYSE:IBM) shares are up +1.91% to $195.20 while the stock is trading within the range of $193.80 – $196.18 in the current trading session. In the last 12 months the shares have traded between $177.35 and $211.79. The average daily trading volume is 4.03 million shares.
Why Should Investors Buy IBM After The Recent Gain? Just Go Here and Find Out
Cray Inc. (NASDAQ:CRAY) shares in the current session moved up +2.76% reaching $16.39. The stocks are trading in a range of $16.20 – $16.85. In the last year the stock has moved within a range of $6.09 – $16.85. The Company’s average daily trading volume is 285,449.00 shares.
Will CRAY Continue To Move Higher? Find Out Here
Another rival company, Silicon Graphics International Corp (NASDAQ:SGI), is trading up +3.76% to $10.63. Intraday trading recorded the stock price in a range of $10.33 to $10.72. In the previous 52 weeks the stock’s price ranged between $5.02 and $14.93. Their average daily trading volume is 228,912.00 shares.
For How Long SGI will Fight for Profitability? Read This Trend Analysis report
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