Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 19 June 2012 14:37

AT&T bloke admits flogging Apple secrets

Written by Nick Farrell

att logoapple

Sales figures are apparently a secret

A former AT&T employee admitted to selling company secrets, such as sales numbers for Apple iPhone to traders who illegally bought shares on the information.

While sales figures are probably not something that should be a secret, in Apple's book Alnoor Ebrahim is the Rosenberg of the 21st century. Ebrahim is a US citizen born in Tanzania and is the latest person to plead guilty in the U.S. government's crackdown on insider trading.

Ebrahim was part of an expert-network ring where some employees of specialised firms such as Primary Global Research (PGR) helped funnel corporate secrets from consultants at companies to hedge funds. He told U.S. District Judge Paul Oetken in Manhattan that he provided insider information concerning AT&T's sales of Apple's iPhone and RIM's Blackberry products, as well as other handset set devices sold through AT&T distribution channels.

Ebrahim admitted one charge of conspiracy to commit wire and securities fraud. He is likely to face a maximum of two years in prison.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments