Feeds

HP VP charged for trying to pass on IBM trade secrets

'For Your Eyes Only'

The essential guide to IT transformation

A former Hewlett-Packard vice president has been charged by US federal prosecutors for allegedly attempting to pass trade secrets from his previous employer, IBM Corp, to senior HP execs.

According to a US District Court indictment filed last Friday in San Jose, California, Atul Malhotra obtained “confidential” pricing details in March 2006.

Prosecutors said in the document that Malhotra was the director of IBM global printer sales between 1997 and 2006.

Just two months before he moved to HP, he “requested and received” a confidential memo named IBM Global Services, CC Calibration Metrics. Malhotra was instructed by a pricing coordinator for Armonk, New York-based IBM not to “distribute” the material due to the “sensitive nature” of the memo.

Malhotra joined HP as vice president in May 2006. Court records claim that he emailed the IBM document to an unnamed HP senior veep on or around 25 July 2006 with the subject line “For Your Eyes Only – confidential”. Two days later he sent the same email to another unidentified HP exec.

He has been charged by US federal prosecutors with “intent to convert a trade secret to the economic benefit of someone other than the owner [IBM]”.

Palo Alto-based HP said it took swift action against Malhotra's alleged trade secret misconduct.

"The activity with which Malhotra is charged was in direct violation of clear HP policies, including HP’s standards of business conduct," said the company in a statement.

"HP detected this activity, conducted an internal investigation, terminated Malhotra from his employment, and self-reported the activity to all appropriate enforcement agencies and to IBM. HP has cooperated fully with the government’s investigation."

Charging doc (courtesy of Wired). ®

5 things you didn’t know about cloud backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Hello, police, El Reg here. Are we a bunch of terrorists now?
Do Brits risk arrest for watching beheading video nasty? We asked the fuzz
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
UK government accused of hiding TRUTH about Universal Credit fiasco
'Reset rating keeps secrets on one-dole-to-rule-them-all plan', say MPs
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
NBN Co claims 96 mbps download speeds for FTTN trial
Umina trial also delivers 30 mbps uploads, but exact rig used not revealed
Don't even THINK about copyright violation, says Indian state
Pre-emptive arrest for pirates in Karnataka
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?