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The decision by HP's board to can CEO Mark Hurd for reasons that are not yet as clear to shareholders as they were to the board has now cost HP shareholders $14 billion--or about 15% of their pre-sacking wealth.

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The HP board has defended its decision by saying that the expense-account violations the sexual harassment investigation turned up rendered Hurd incapable of leading the company.

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Electronics component suppliers that allegedly paid kickbacks to gain business from Apple declined to comment on the allegations when contacted on Monday.

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"I can't comment on anything right now," said Andric Ng, CEO of Singapore's Jin Li Mould Manufacturing, which was one of the companies named in papers filed last week with the U.S. District Court for the Northern District of California in San Jose.

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A manager at Apple has been indicted on 23 counts of money laundering, wire fraud, and accepting kickbacks of over $1 million from would-be Apple suppliers in Asia. Paul Shin Devine, a global supply manager, and Singapore resident Andrew Ang are accused of soliciting payments from suppliers in exchange for confidential information that would enable the companies to win contracts from Apple.

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According to the indictment, Devine had the companies bidding to supply iPod and iPad components wire numerous small payments to a number of US and offshore bank accounts held by him and at least one shell company. Devine is currently in custody in California, while an IRS agent declined to tell the The Mercury News if Ang was in custody.

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Apple condemned Devine's alleged actions in a statement. "Apple is committed to the highest ethical standards in the way we do business," spokesperson Steve Dowling said. "We have zero tolerance for dishonest behavior inside or outside the company." Devine will appear in federal court on Monday afternoon.

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IDG News Service - An Apple manager with responsibilities for the company's contract manufacturing in Asia was arrested Friday and charged with accepting kickbacks.

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Global supply manager Paul Shin Devine was charged with accepting $1 million in kickbacks from half a dozen Asian suppliers of iPhone and iPod accessories in a federal indictment and a civil suit, the San Jose Mercury News reported. Devine allegedly was paid for sharing confidential Apple information with contractors that helped them win Apple business on favorable terms, the paper said.

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The Wall Street Journal reports that Devine gave confidential information to companies like Cresyn Co. Ltd. in South Korea, Kaedar Electronics Co. Ltd. in China and Jin Li Mould Manufacturing Pte. Ltd. in Singapore. He allegedly shared the kickbacks with Andrew Ang, an employee of Jin Li who the indictment charges helped broker deals with his employer and others.

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Analysis: Oracle's suit against Google alleging Java patent infringements was predictable and promises more suits to come.

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I'll say this for Oracle, at least it's consistently contradictory. The executives will extol the virtues of their partners, then turn right around and kick them in the--well, you know--and deploy an "innovative" copy of their partner's free software.

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