Friday, November 07, 2008, 11/07/2008 01:45:00 PM

Former Intel Employee Charged With $1 Billion Trade Secrets Theft

By Todd
The Wall Street Journal is reporting that a former Intel Corp. engineer has been charged with stealing trade secrets worth $1 billion from the chip maker while he worked for rival Advanced Micro Devices Inc.

Federal prosecutors in Massachusetts alleged this week in a five-count indictment that Biswamohan Pani, 33 years old, illegally downloaded more than a dozen confidential documents from Intel's computer system in June. Prosecutors say AMD had no knowledge of Mr. Pani's actions and didn't benefit.

Mr. Pani's lawyer, Brad Bailey, declined to comment on specifics of the case. He said Mr. Pani denies the allegations and that they plan to take the case to trial. AMD said it hasn't been charged with any wrongdoing and it is cooperating with investigators.

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