Security sold from the Money? What Money?'s investment portfolio:

Company Name: Autonomy Corporation PLC
Symbol: Au.
First Held: 14th February 2008
Holding Sold: 100%
Date Sold: 30th April 2009
Price: 1417 Pence
Profit: 38%

Summary:

Autonomy corporation has performed well in the 13 months since we first purchased them, developing a solid niche in the corporate information management market and consistently bringing out new products to compliment its existing systems.

MWM is of the view that after a period of steady growth, Autonomy will find it increasingly hard to expand further and will now enter a phase of consolidation. As their products become better known they will also experience steadily increasing competition from other – potentially much larger (read Google, Microsoft and Cisco) – companies. Their business being software based, patents will do little to prevent this.