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Ex HP executive jailed by IBM
By siliconindia
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Thursday, 17 July 2008, 23:48 IST |
5 Comments
Atul Malhotra, the former Director of Sales and Business development in output Management Services for IBM Global Services will be sentenced on October 29 for 10 years in prison and a fine of $250,000, reports PC world. However, Malhotra has pleaded guilty for spying trade secrets from IBM to HP, the U.S. Department of Justice, reported PC world.
Malhotra, who will be sentenced for 10 years imprisonment and a fine of $250,000 was pat ratted by HP. HP was very clear that Malhotra violated HP policies and that HP followed its policies by investigating, firing and reporting Malhotra to IBM and law enforcement. Followed by this move, Malhotra has been terminated from his role as vice president of HP's printer division.
The email Malhotra sent to the HP executives said that the IBM document would help the HP sales team understand the goals of IBM as HP set pricing for prospective deals.
