Welcome!

IBM Cloud Authors: Yeshim Deniz, Elizabeth White, Pat Romanski, Liz McMillan, Stefan Bernbo

Related Topics: IBM Cloud, Microsoft Cloud

IBM Cloud: Article

Ex-IBM Honcho Claims He’s Innocent

Moffat, former high-ranking IBM executive, asked a New York court Wednesday to dismiss the SEC’s civil charges against him

Early Bird at Clod Expo

The rumor mill says that Apple could be out with that tablet it’s supposed to have up its sleeve in March or April. According to Oppenheimer analyst Yair Reiner, it’s supposed to have a 10.1-inch iPhone-style multi-touch screen and a $1,000 price tag. It would compete with Amazon’s Kindle e-book reader. Reiner says Apple’s been pitching book publishers on a non-executive deal giving them 70% of the money, more lucrative for them than Amazon, which is thought to demand 50% of the take. Reiner thinks Apple means to make a million of the widgets a month to start.

Robert Moffat, the former high-ranking IBM executive arrested in October in the Galleon insider trading roundup, asked a New York court Wednesday to dismiss the SEC's civil charges against him.

He claims he didn't pass material insider information on IBM and Sun earnings or AMD's sale of its plants to co-defendant Danielle Chiesi despite government wire taps to the contrary. Chiesi, an analyst at the New Castle hedge fund and an alleged Galleon tipster, also denied the charges.

Moffat, one of the IBMers who did due diligence on Sun when Blue was thinking of buying it, denied having the information to tip Chiesi to the results of Sun's fiscal 2Q08 quarter before they were out as alleged or, as his lawyers put it, Moffat "admits that in January 2009 IBM was conducting preliminary due diligence concerning Sun, denies knowledge or information sufficient to form a belief to the truth of allegations that Sun provided IBM with its Q2 2009 earnings results in advance of a January 27, 2009 announcement."

He did admit to talking to Chiesi "from time to time during early 2009" and oddly enough her information was spot on.

New Castle co-founder Mark Kurland, former Intel exec Rajiv Goel and McKinsey & Co director Anil Kumar also denied the charges or took the fifth. Galleon hedge fund founder Raj Rajaratnam, who is trying to get the wire taps suppressed as a violation of his rights, asserted his innocence late last month

Aside from trading on her own, Chiesi is charged with passing insider information to Rajaratnam to trade on. Goel allegedly passed Rajaratnam information on Intel and Intel investment Clearwire and Kumar on AMD.

Federal attorneys have brought criminal charges against 20 people and the SEC has filed parallel civil suits.

Moffat lost his high-profile job as head of IBM's server and chip units after his arrest.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (1) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
MADAME P J BAILEY 12/15/09 12:56:00 PM EST

Isn't it time for "Blabber Mouth" Moffat to cut a deal ???

IoT & Smart Cities Stories
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...