Feeds

Ex-HP veep pleads guilty to passing on IBM trade secrets

You're only charged twice

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

A former Hewlett-Packard executive has pleaded guilty today for attempting to pass trade secrets from his previous employer, IBM.

Atul Malhotra is charged with a single count of theft of trade secrets, and faces up to 10 years in prison, a $250,000 fine, and three years of supervised release. He entered his plea at the US District Court in San Jose, California.

Between 1997 and 2006, Malhotra worked as director of sales and business development within IBM's Global Services Division.

Prosecutors claim about two months before he left for a new job as vice president of HP's imaging and printing services, he requested an IBM internal pricing document called CC Calibration Metrics.

According to court documents, the material was marked "IBM Confidential," on each page and Malhotra was also specifically instructed to not distribute the sensitive information.

Shortly upon arriving at HP, Malhotra allegedly sent the data in an e-mail to an unnamed senior veep at HP with the subject line, "For Your Eyes Only." Two days later, Malhotra sent a similar e-mail containing the data to another unnamed HP executive.

HP said it took swift action against Malhotra's alleged misconduct.

"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," said the company in a statement.

Sentencing is scheduled for October 29.®

Remote control for virtualized desktops

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
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.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.