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Mike Lynch, who sold Autonomy to Hewlett-Packard in 2011 prompting much subsequent acrimony, is still listed as owning 17.9m shares in Blinkx, or 4.47%, although he had been gradually selling down the stake.
Lynch sold Autonomy, the big data company he founded back in 1996, to computer giant HP for around $11 billion some seven years ago.
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The investment banker hired to help sell Autonomy was Frank Quattrone.
HP's lawyers say Hussain was urging Lynch to sell Autonomy.
Nonetheless, Whitman defended the strategy, and ruled out selling Autonomy, in an interview on Wednesday.
Sales representatives were incentivized in some instances not to sell Autonomy products because they reaped lower commissions.
"They drove out the top 100 people from Autonomy, and a bunch of trainees were put in" to sell Autonomy products, he said.
Did Mr. Lynch try to sell Autonomy to Oracle, or did Oracle post the story and slides to make H.P. look bad?
He said stories that he had celebrated selling Autonomy by going on a three-day drinking spree were completely untrue: "I was on the phone, talking to journalists," he said.
Until last week, Dr Mike Lynch was being hailed as "Britain's Bill Gates" after selling Autonomy, the software company he started in his garage, for £7bn to US titan Hewlett-Packard.
However, Mike Lynch, who made £500m from selling his Autonomy business to Hewlett Packard five years ago, was more upbeat.
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