surprise to hewlett packard it's auditor's bankers and its executives it wasn't too short seller jim chanos who in july two thousand and eleven max wrote a report saying this was his biggest. european is short wish it was autonomy and he noticed that autonomy claims about the size of its discovery business are questionable and represent forty percent of total market share in an industry with more capable and better capitalized competitors like microsoft autonomy's claims of twenty percent growth in revenue are inconsistent with competitors reported figures so they wrote a report prior to the lawyers and also k p m g looked at it and price waterhouse coopers also looked at this deal and they all found it was fine of course insider trading hedge funds shadow banking system accounting firms all committing massive pollution and fraud the austerity is right is a response because there's no leadership there's no government let the global insurrection against banker occupation continue let a billion people in the streets with torches hunt down these bankers and do what they have to do together it

knew about the problems with the fee and autonomy a long time ago and thank jim chanos for that. >> absolutelyaugust big conference, very successful, thank you so much, john. >> all right, tyler, over to you. >> thanks. >>> when we come back, the former ceo and board chairman at intel, craig batter exwill weigh in on lots of topics from hewlett-packard to the fiscal cliff to the crisis in american education. that's coming up. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (

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because lynch is saying everything is finism pointed out this morning on squawk on the street, jim chanos was in there shot, the stock 2011. >> clearly severing not fine. what should you do? you have a hold rating on this stock? >> there's been a series of dramas at hp over the past decade. this was a very bad deal that just turned absolutely horrible. so, we have got an environment that's difficult. we have got a bad outlook from hp today. on top of that accounting imp pro-pry test. i think investors going to continue to shy away. this is a show me stock. it is going to take a while to regain investors confidence. >> you are not saying sell? >> not saying sell. we have got 11.50 price target. we cut this morning. i think investors need a few quarters of consistency from hp. need to get to the bottom of this unfortunately, doesn't sound like autonomy issue is going to be resolved in the next quarter or two. going to take a while. >> i hate to harp on this point, right, but the magnitude of this write-down is staggering. saying we bought as 10 billion company that may or may not now be wor