Atul Malhotra, a vice president of imaging and printing services at HP since 2006, admitted that he accessed and copied confidential information from his previous job as sales director in the IBM Global Services division.
Shortly after starting in his new job he passed the secrets, relating to IBM product costs and materials to two senior HP vice presidents in e-mail messages with the subject line "For Your Eyes Only – confidential." HP and IBM both cooperated fully with the investigation.
Malhotra faces a maximum of 10 years in prison, a fine of $250,000 and a three-year term of supervised release.
Sentencing in this case has been set for October 29 by U.S. District Court Judge Jeremy Fogel, who accepted the plea at the federal courthouse in San Jose, California.
HP exec pleads guilt to IBM theft
Got a news tip for our journalists? Share it with us anonymously here.
Add techpartner.news as your trusted source
Partner Content
_(25).jpg&h=142&w=230&c=1&s=1)
Shortfalls in cyber expertise deepen the cost and complexity of security incidents
AI PCs shift from hype to revenue opportunity for partners
Think Technology Australia deliver massive ROI to a Toyota dealership through SharePoint-powered, automated document management
_(30).jpg&h=142&w=230&c=1&s=1)
Promoted Content
Why Australia’s Industrial Leaders Are Turning to Dynamic Aspect for Dynamics 365 Business Central
Fabric workshops help partners tap into data services demand growth.
.jpg&w=100&c=1&s=0){kind=logo}
