Technology
Autonomy’s Mike Lynch was acquitted following a U.S. fraud trial brought by HP
Former Autonomy CEO Dr. Mike Lynch issued a statement Thursday after being acquitted of criminal charges, ending a 13-year legal battle with Hewlett-Packard that became certainly one of Silicon Valley’s biggest fraud cases. He was accused of falsely inflating the British startup’s revenue before its $11 billion sale to HP in 2011.
Commenting on the acquittal, Dr. Lynch (pictured above left as he appeared on the TechCrunch Disrupt conference) said: “I am thrilled with today’s verdict and grateful to the jury for the attention they have paid to the facts over the past ten weeks. My deepest thanks go to my legal team for working tirelessly on my behalf. I can’t wait to return to the UK and get back to what I love most: my family and innovation in my field.”
After a 12-week trial, the entrepreneur was cleared of 15 counts of fraud and conspiracy brought against him in reference to the 2011 takeover.
Lynch’s victory is notable in light of the indisputable fact that within the U.S., only 0.4% of federal criminal cases (in fiscal yr 2022, in line with the Pew Research Center) resulted in trial and acquittal, and only 12% of all Art. the foremost charge of wire fraud ends in acquittal.
Christopher Morvillo and Brian Heberlig, Dr. Lynch’s legal counsel, added in a statement: “We are delighted with the jury’s verdict, which reflects a strong rejection of the government’s deep dive into this case. The evidence presented at trial conclusively established that Mike Lynch was innocent. This verdict closes the book on a relentless 13-year effort to pin HP’s well-documented ineptitude on Dr. Lynch. Fortunately, the truth finally won. We thank Dr. Lynch for his confidence in this ordeal and hope that he will now be able to return home to England to resume his life and continue his innovations.”
Lynch (58) was previously extradited to the United States and placed under house arrest under 24-hour supervision before his trial. He has long maintained that HP scapegoated him, saying it botched its acquisition of Autonomy and later mismanaged the corporate’s software.
Lynch made £500m from selling Autonomy to HP. However, just a yr later, HP reduced the worth of its investment by $8.8 billion and lost $5 billion attributable to the so-called Autonomy’s revenue inflation, he claimed on the time.
Prosecutors accused Lynch and Chamberlain of illegally inflating pre-acquisition revenues and hiding high-margin software revenues in unprofitable hardware sales.
During the trial, Lynch successfully argued that he was not concerned with accounting and contractual matters, as a substitute specializing in technical and marketing matters.
Although an American jury argued unsuccessfully that the case needs to be tried within the UK, resulting in his extradition, it acquitted Lynch of all charges, together with Stephen Chamberlain, Autonomy’s former vice chairman of finance, who was also tried.
The U.S. Attorney’s Office in San Francisco said: “We acknowledge and respect the decision. We would love to thank the jury for paying attention to the evidence presented by the federal government on this case.”
The sale of Autonomy to HP was seen as validation of the booming UK tech scene, and the platform’s ability to mine unstructured databases was then seen as a way for HP to rebuild its shaky hardware business.
Lynch co-founded Autonomy in 1996 from a research group specializing in software called Cambridge Neurodynamics.
Awarded an OBE for services to enterprise in 2006, Lynch became an adviser to the UK government, sat on the boards of the BBC and the British Library, founded Invoke Capital VC and invested within the groundbreaking cybersecurity company Darktrace.
Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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