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Current DateTime: 06:16:35 28 Nov 2009
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Expiration DateTime: 11/28/2009 6:18:11 AM
    • The Good Entrepreneur Winner 

        Mathew Holloway, co-founder of Artica Technology, was revealed as the winner of CNBC's The Good Entrepreneur competition Thursday. Holloway will receive a prize fund worth 250,000 euros toward Artica's low-energy alternative to air conditioning.

    • Investing in Innovation in the UK 

        During the slowdown innovation companies struggled to raise financing to get off the ground. But now is the time to invest in new technologies, according to UK Innovation Investment Fund. Lord Drayson, UK Science & Innovation Minister, discusses the creation of the 15-year £1 billion fund aided by the UK government.

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IBM Loses Bid to Block Former Worker From Dell Job
By: Associated Press | 26 Jun 2009 | 05:37 PM ET
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IBM won't be able to block its former mergers and acquisitions chief from working at rival Dell  while a lawsuit against the executive works its way through the courts.

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A federal judge on Friday rejected IBM's [IBM  Loading...      ()   ] request for a preliminary injunction against the executive, David Johnson.

IBM is suing Johnson, claiming he violated a noncompete agreement by taking the job at Dell [DELL  Loading...      ()   ]. IBM argues that Johnson has trade secrets of IBM's that he could use to help Dell.

Johnson spent 27 years at IBM before joining Dell earlier this year. He has disputed IBM's characterizations about the amount of trade secrets he possesses.

The case against Johnson continues, though. IBM also added more allegations against Johnson this week, saying he misused company resources to start a venture capital firm.

Dell declined to comment Friday. IBM said it plans to appeal the latest ruling.

IBM recently sued another former executive, Mark Papermaster, who left to lead Apple's [AAPL  Loading...      ()   ] iPod and iPhone hardware engineering teams.

They settled earlier this year, and Papermaster was cleared to go work for Apple in April, six months after he left IBM.

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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