AtulMalhotra
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Former HP exec pleads guilty to stealing IBM trade secrets
Well, that didn't take long. Atul Malhotra, the HP executive charged with stealing printer market data when he left IBM and sending it to his new colleagues at HP with the genius-level subject line "For Your Eyes Only," has pled guilty to one count of theft of trade secrets. Malhotra probably made the right choice -- he specifically requested the information just before he left IBM and HP itself investigated and turned him in when he was found sending it around, so the case against him was pretty airtight. It's not clear what his plea deal is, but sentencing is scheduled for October 29, and he can get up to 10 years in the clink with a fine of up to a quarter-million dollars. Crime don't pay, kids.
Former HP VP charged with stealing IBM trade secrets
The printer market isn't exactly full of the most interesting news, but it's still big money, and big money tends to bring out the worst in people -- like former HP VP Atul Malhotra, who was just charged with stealing trade secrets from his former employer IBM and emailing them to other HP execs. Apparently Malhotra requested some confidential sales data two months before he went from the three-letter company to the two-letter one, and when he got there he hit up some other senior execs with the files -- marking the subject line "For Your Eyes Only." Yeah, that's an effective way to keep a lid on things. Malhotra was fired from HP in 2006, so all this went down some time ago, and HP says it actually conducted an internal investigation about the matter before firing Malhotra and reporting the theft to both IBM and the authorities. Sure, sure -- but we'll know what's up when the next HP AIO is running a Cell chip.
