Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

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...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

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...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 23 October 2009 12:36

AMD man involved in insider dealing case

Written by Nick Farell

Image

Not named and chipmaker shamed


AMD has
found itself involved in an insider dealing case in the US. An unnamed AMD executive is repeatedly named in the Galleon Funds insider-trading case, presenting a potentially awkward situation for the chipmaker as the case goes forward.

The bloke has not been named or charged yet, but it will be a little embarrassing for the chipmaker which might have been feeling a little smug after Rajiv Goel, a managing director of strategic investments for Intel's treasury group, was arrested and charged in the case and put on leave.

A high level IBM exec, senior vice president Robert Moffat, has also been charged over supplying details about IBM and Sun Microsystems earnings to Danielle Chiesi, who worked for the New Castle hedge fund.

An AMD spokesman said that it is reviewing the situation.This case involves Raj Rajaratnam, who founded the Galleon Group, a New York-based hedge fund that manages $7 billion in funds. Federal prosecutors charged Rajaratnam and five others on Friday with securities fraud, alleging they were involved in insider trading of well-known tech companies, including Intel, Google, AMD, and IBM.

The case claims that Rajaratnam and others engaged in insider-trading activity when AMD was trying to reorganiae and spin off its manufacturing operations last year.

Nick Farell

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