Twelve years ago the company relied on sales to foreign distributors, mostly British, American and Australian, for 94% of its income.
Ms. Whitman said Tuesday the company relied on Autonomy's regular auditor Deloitte and had hired KPMG for an additional review before the deal closed.
For the past six years, the company has relied on a partnership with Amazon to sell books online, a practice that hasn't done much for profits or for building brand loyalty.
History, say Mr Gore's boosters, is already proving him right: last year Jack Smith, the chairman of General Motors, declared that no car company that relied solely on the internal combustion engine would thrive in the next century.
Part of the problem, Mr. Lieberman suspects, is his company has relied on manufacturer descriptions for the 30, 000 products it sells.
The company provided an experienced tax professional with all the relevant information and relied on him in good faith.
The directors argued that they had relied on management and company auditors PricewaterhouseCoopers(PwC) to ensure the accounts were correct, but Justice Middleton ruled they could not delegate essential duties when it came to reading financial statements.
FORBES: PwC Will Answer For Centro But Judge Slams Directors First
The changes will also see a reduction in the top management numbers and the bringing in of new recruits to a company that has traditionally relied on internal promotion.
Levinson, eliminates the need for lawyers to show that every individual investor relied on company statements to buy stock at an inflated price.
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It survived the closure of the pit in 1993 and relied on sponsorship money from a coal mining company, which ended in 2011.
"Meltwater is especially troubled by the implications of this decision for other search engines and services that have long relied on the fair use principles for which Meltwater is fighting, " the company said.
Chairman of Revlon (nyse: REV - news - people ), Perelman claimed he relied on Morgan Stanley's representations that Sunbeam was a solid company before accepting the mostly stock transaction.
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