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Finally, the federal government has accepted an offer from Girls Gone Wild founder Joe Francis. Earlier this year, the feds turned down his request for bailout money, but the filmmaker entrepreneur executive soft-core porn guru had better luck with the judiciary branch. His deal to get out of jail came through.

U.S. District Judge S. James Otero accepted a plea agreement that Francis reached with prosecutors. It will put him on probation for the next year for filing false income tax returns. He was also sentenced to time served -- 301 days, but that's all in the past. He also has to pay restitution of $250,000.

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Francis gone free: Time served, probation and restitution for soft porn mogul originally appeared on BloggingStocks on Sun, 08 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

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When Apple, Inc. (NASDAQ: AAPL) snatched Mark Papermaster from IBM Corp. (NYSE: IBM) just last week, the move ended up making many analysts scratch their collective heads. Papermaster, who is a microchip designer by trade, would head up Apple's devices and hardware engineering efforts. Now, for a company that buoys itself on software and physical design more than anything, its hardware design efforts always seem to get left behind. One quick peek at the MacBook Air's design engineering, though, and it's pretty easy to see that Apple's finesses does not rest solely with software and user interface.

But in hiring Papermaster, U.S. District Court Judge Kenneth Karas didn't like what he saw from Apple's end. So much that he ruled Papermaster must "immediately cease his employment with Apple Inc. until further Order of this Court." Okay then, the question is why. What could Karas care about here? Apparently, IBM's lawyers want to fine-tooth-comb Papermaster's non-compete employment contract with his former employer to make sure there are no conflicts of interest. Perhaps IBM is afraid Apple will start offering business services to large companies using huge mainframe servers or something. You know, since it's so weak in the consumer market.

IBM stated that Papermaster "is in possession of significant and highly-confidential IBM trade secrets and know how, as well as highly sensitive information regarding business strategy and long-term opportunities." But the question remains -- does IBM really compete with Apple at all? These non-compete clauses are to protect the interests of companies that invest in senior employees from joining the competition and possibly divulging trade secrets at the same time. It's hard to see how IBM could have a problem with Apple's hire here, but I'm sure those Harvard law grads will get out the rulers and dictionaries for this one to try and find a reason. As we all know, there is no black and white -- only gray.

Newly fired Apple iPod chief told to not report to work by judge originally appeared on BloggingStocks on Mon, 10 Nov 2008 12:25:00 EST. Please see our terms for use of feeds.

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