Featured Articles

5th Generation Broadwell 14nm family comes in three lines

5th Generation Broadwell 14nm family comes in three lines

Intel's 5th Core processor family, codenamed Broadwell, will launch in three lines for the mobile segment. We are talking about upcoming…

More...
Broadwell Chromebooks coming in late Q1 2015

Broadwell Chromebooks coming in late Q1 2015

Google's Chromebook OS should be updating automatically every six weeks, but Intel doesn't come close with its hardware refresh schedule.

More...
New round of Nexus phone rumour kicks off

New round of Nexus phone rumour kicks off

Rumours involving upcoming Nexus devices are nothing uncommon, but this year there is a fair bit of confusion, especially on the…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

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