Former Hewlett Packard vice president of imaging and printing services Atul
Malhotra is facing 10 years in prison after pleading guilty Friday to stealing
trade secrets from IBM, according to federal
prosecutors.
According to court records, Malhoutra, 42, worked at IBM
from 1997 to 2006. In March of 2006, while serving as director of sales and
business development in output management services for IBM
Global Services, he requested a copy of IGS’ CC Calibration Metrics, a series
of confidential documents that included products costs, materials and other
competitive information. Court records indicate Malhoutra was warned not to
share the documents, all of which were marked “confidential,” because of their
sensitive nature.
Two months after receiving the documents, however, Malhotra left IBM
for HP, where, according to his plea agreement, he shared the confidential
documents with his new bosses. Malhotra
sent two e-mails to HP senior vice presidents with the subject, "For Your
Eyes Only," and attached the CC Calibration Metrics. In the e-mails
message, Malhotra said the information would help specific HP sales teams
better understand their IBM’s goals and help
them when pricing competitive deals.
HP fired Malhotra when an internal investigation revealed the transgression, court records show. Both HP and IBM cooperated with federal investigators.
Sentencing is set for Oct. 29. Malhotra faces a maximum of 10 years in
prison, a fine of $250,000 and three years probation.
Feb 4th 5:34 PMFinding Myself My Own New Adventure - So this is my last column with Channel Insider. After selling my MSP, Ive take... http://t.co/XGWd1Ryl
Feb 2nd 5:39 PMLevel Platforms to Offer Mobile Device Management - Answering the call of so many MSPs, Level Platforms is expanding... http://t.co/hsqwAFxN
Feb 2nd 3:45 PM10 Key Ingredients That Have Made Apple So Successful - Apple is one profitable company. The firm announced recently... http://t.co/ipuOvDig
Feb 2nd 1:55 PMChannelEyes: Will It Transform the Channel? - If the 2000 decade was about automation for the IT services channel, t... http://t.co/SrvhN2xG
Feb 1st 11:45 AMIBM Expands Mobility Management, Security - IBM has unveiled a solution to mitigate the risk that comes with a bring... http://t.co/VcyVQ4HA
Feb 1st 5:43 AMXerox Expands Cloud Services, Data Recovery for SMBs - The cloud backup and data recovery services are designed to p... http://t.co/DloBWniQ
Jan 31st 1:45 PM10 Reasons RIM`s New CEO Won`t Fix the Company - Research In Motion, at long last, has a new CEO in Thorsten Heins. ... http://t.co/JGo2Z9ar
Start the New Year with business intelligence—it’s a smart move
Join us on February 1 for an encore rebroadcast at either 5 am or 12 noon EST and discover how business intelligence (BI) supports companies in uncertain business and economic climates. Get expert advice on how to create a strategy that fits your organization's needs and budget and see how quickly it can pay for itself. Click Here
/ 1 
Hewlett-Packard 
