MarketPlace News
July 11, 2008 • Vol.30 Issue 28

A federal grand jury has charged Atul Malhotra, a former vice president at HP, with allegedly stealing trade secrets from IBM, his former employer, and distributing them. Malhotra worked at IBM from November 1997 through April 2006, and in March 2006 he asked for and received confidential information on IBM's calibration metrics. Four months later, after he had left IBM and started working at HP, he sent emails to two HP senior vice presidents with attachments about the IBM calibration metrics he had obtained. According to an HP spokesperson, once the company discovered the incident, it fired Malhotra and told law enforcement and IBM about it.