Feeds

IBM installs temp server GM after insider trading furore

Readies another dynamic infrastructure blitz

High performance access to file storage

IBM has put an executive in charge of its server, storage and chip business after the incumbent was put on a temporary leave of absence in the wake of an insider trading scandal that erupted last Friday.

Bob Moffat, who was senior vice president and general manager of IBM's Systems and Technology Group, no longer holds those titles.

"In view of the US federal investigation into his personal activities, Mr Moffat has been placed on temporary leave of absence and is no longer an officer of IBM," spokesperson Ed Barbini confirmed to El Reg. IBM has refused to comment further about the matter.

Barbini added that Rod Adkins, senior vice president of development and manufacturing for IBM's Systems and Technology Group, has been named as temporary head of that group. Adkins will continue to run development and manufacturing for STG, and will report directly to Sam Palmisano, IBM's chairman, chief executive officer and president. Like Moffat, Adkins is one of a handful of Big Blue execs that are being groomed to be the next CEO at the company when Palmisano retires.

Moffat has been implicated in an insider trading scam relating to two hedge funds, Galleon Group and New Castle Group, that allegedly profited to the tune of more than $20m in trades in various tech companies. The Federal Bureau of Investigation and the Manhattan District Attorneys office allege that Moffat provided insider information to New Castle executive Danielle Chiesi that allowed New Castle and possibly Galleon to profit illegally from trades in Advanced Micro Devices, IBM, and Sun Microsystems shares.

The alleged insider trading scam broke just as IBM was getting ready to wrap up a whole bunch of server, storage, networking and software products that span the breadth of the company's catalog and do another of its Dynamic Infrastructure big bang announcements.

These announcements are seen as a way of not only keeping everything somehow linked back to a key message Big Blue's marketeers are trying to hammer into IT managers' heads - Dynamic Infrastructure and Smart Planet are the key ones these days - but also a way for IBM to cut costs since it only has to pay for one announcement each quarter.

This particular set of announcements comes when IBM is not making any substantial mainframe or Power Systems server announcements, and as such, the Dynamic Infrastructure wrapper is a means of trying to make a bunch of little things look like a bigger thing.

The word on the street is that IBM is expected to go over its recent x64 server enhancements and make some additional announcements regarding new disk and solid state storage for its Power Systems lineup. There is also talk that IBM will make some networking enhancements across its server portfolio.

Four of IBM's top brass are expected to host a Webcast covering the announcements from a high level. Adkins was already slated two weeks ago to host the Webcast (not Moffat), and will be joined by Curtis Tearte, general manager of the Storage Systems division of STG; Rich Esposito, vice president of middleware services for Global Technology Services; and Al Zollar, general manager of the Tivoli Software division at Software Group. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.