Former HP exec pleads guilty to stealing IBM trade secrets

By in Uncategorized on July 11th, 2008

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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.

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Original Post By Google News Nilay Patel

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