The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Joe Magyer, discuss the top business and investing stories.
In this segment, Hewlett-Packard (NYSE: HPQ ) has written off $8 billion of the $11 billion the company paid last year for software company Autonomy, citing questionable accounting practices at the company, and now HP may face shareholder lawsuits as a result. We hear about just how big an issue these things may be for the company, as well as what the guys think is the worse issue here -- that HP's lack of a strategy meant it overpaid for a company that didn't fit with its core business.
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