Wednesday, January 28, 2009

EX-IBM EXEC TO GO TO APPLE AS LAWSUIT SETTLED

Los Angeles
The Economic Times

A lawsuit that had barred former IBM Corp executive Mark Papermaster from leading Apple Inc's iPod and iPhone engineering teams has been resolved, the companies said on Tuesday.

Papermaster will resume his work as senior vice president of devices hardware engineering starting April 24, after settling a lawsuit with IBM that had forced him to take a court-ordered hiatus, Apple said.

An Apple spokesman would not divulge details of the settlement. Papermaster could not be reached immediately for comment.

In a statement, IBM said it had resolved its lawsuit against Papermaster on terms that protect its proprietary and confidential information, and had agreed to his April 24 employment start date at Apple.

A New York federal court will monitor Papermaster, who would be required to certify in July and in October "that he has complied with his legal obligations not to use or disclose IBM's confidential or proprietary information," IBM said.

The court will have oversight, including compliance enforcement, until October 24, 2009, the one-year anniversary of Papermaster's departure from IBM.

Apple first announced Papermaster's hiring in November.

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