Enterprise software maker Oracle has accused Autonomy CEO Michael Lynch of having a ‘poor memory’ after Lynch denied that he had offered his company to Oracle before selling it to Hewlett Packard.
HP agreed to acquire business software maker Autonomy for $10.3 billion in August. In an interview, Oracle founder and CEO Larry Ellison claimed that Autonomy was offered to Oracle but the company declined because the price was too high.
Lynch retaliated by claiming that Ellison’s comments were inaccurate. He admitted to meeting Oracle co-president Mark Hurd and Doug Kehring, Oracle's head of M&A but maintained that they did not talk about any acquisition.
Oracle has uploaded a PowerPoint presentation on its website, which it claims was presented by Lynch during the meeting.
“We have put Mike Lynch's PowerPoint slide sales-pitch up on the Oracle website -- Oracle.com/PleaseBuyAutonomy -- with the hope Mike Lynch will recognize his slides, his memory will be restored, and he will recall what he and Frank Quattrone discussed during their visit to Oracle last April,” Oracle said.
“Yesterday, the Autonomy CEO did not remember having any meeting with Oracle. Today, he remembers the April meeting and inaccurately describes how it came about and what was discussed. Tomorrow, he will need to explain his slides,” the company added.