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Current DateTime: 12:49:52 25 Nov 2009
LinksList Documentid: 19836971
Expiration DateTime: 11/25/2009 12:51:11 PM
    • The First Word on AOL 

        Time Warner is spinning off its troubled child, Internet company AOL. Ross Sandler, analyst at RBC Capital Markets, takes a closer look.

    • UK Online Retail Could Rake in £53bn in 2009 

        “More and more people are shopping online; there is no doubt about that,” David Smith from IMRG told CNBC. While the postal strikes created a slight dip in online sales at the end of October, “by the end of the year, we are expecting round about £53 billion to be spent online for the year,” he added.

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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 This material may not be published, broadcast, rewritten or redistributed.
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