Rotten Hewlett Packard deal in focus at San Francisco trial of fallen British tech star

SAN FRANCISCO — An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago will be resurrected Monday during a trial that will explore whether the deal was an illegal rip-off or a case of botched management. The criminal trial in San Francisco federal court revolves around HP’s acquisition of British software maker Autonomy, a deal that was celebrated as a coup when it was announced in 2011, only to blow up into a costly debacle. Before HP wrapped up the deal, Meg Whitman was hired to be CEO of the company started 85…Continue Reading

Salaries decline across board for software engineers

TopCV’s latest annual report shows that salaries for software jobs, while still high, were much lower than in 2022. For the report, TopCV split the dataset for each position into a lower half and a higher half, and used the median of each half to reflect the salary for a position. This method more accurately depicts the salary distribution for each position compared to using average values, the report says. Software interns were the only ones unaffected with their median salary ranging from VND3 million (US$121.5) to VND5 million. For software staff with less than one year’s experience, salaries slid…Continue Reading