Feeds

HP VP charged for trying to pass on IBM trade secrets

'For Your Eyes Only'

Secure remote control for conventional and virtual desktops

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). ®

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
Hungary's internet tax cannot be allowed to set a precedent, says EC
More protests planned against giga-tariff for Tuesday evening
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The hidden costs of self-signed SSL certificates
Exploring the true TCO for self-signed SSL certificates, including a side-by-side comparison of a self-signed architecture versus working with a third-party SSL vendor.