{"id":5077,"date":"2006-12-08T19:46:16","date_gmt":"2006-12-08T19:46:16","guid":{"rendered":"http:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/e-commerce\/pretexting-ok-by-investors.html"},"modified":"2006-12-08T19:46:16","modified_gmt":"2006-12-08T19:46:16","slug":"pretexting-ok-by-investors","status":"publish","type":"post","link":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/technology\/pretexting-ok-by-investors.html","title":{"rendered":"Pretexting OK by Investors"},"content":{"rendered":"<div>HP seems to have <a href=\"http:\/\/www.tmcnet.com\/usubmit\/2006\/12\/08\/2152195.htm\"><font color=\"#800080\">gotten through<\/font><\/a> the pretexting scandal unscathed &#8212; paying $14.5 million to settle a civil claim revolving around the issue. HP shares have actually gained around 9 percent since the probe was disclosed in a regulatory filing, but fell 28 cents to $39.86 Thursday on the New York Stock Exchange. <\/div>\n<div>&nbsp;<\/div>\n<div>&quot;It looks like they got off pretty easy, and that this is actually going to be a good thing for HP,&quot; said Roger Kay, who follows the company as president of market research firm Endpoint Technologies Associates. &quot;It looks like they&#8217;re in control of their destiny and have put at least some of this behind them.&quot;<\/div>\n<div>&nbsp;<\/div>\n<div>The vast majority of the settlement &#8212; $13.5 million &#8212; will fund state and local investigations into privacy rights and intellectual property violations, according to the lawsuit and settlement filed simultaneously in Santa Clara County Superior Court.<\/div>\n<div>&nbsp;<\/div>\n<div>Apparently HP has been extremely cooperative and this issue seems to be largely behind the company.<\/div>\n<div>&nbsp;<\/div>\n<div>HP CEO Mark Hurd said in a statement that the company is &quot;committed to ensuring that HP regains its standing as a global leader in corporate ethics and responsibility.&quot; The agreement did not include a finding of liability against HP.<\/div>\n<div>&nbsp;<\/div>\n<div>From my perspective the low fine amount seems like a minimal deterrent against this sort of behavior in the future. We may be seeing more pretexting cases soon.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HP seems to have gotten through the pretexting scandal unscathed &#8212; paying $14.5 million to settle a civil claim revolving around the issue. HP shares have actually gained around 9 percent since the probe was disclosed in a regulatory filing, but fell 28 cents to $39.86 Thursday on the New York Stock Exchange. &nbsp; &quot;It<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156,118],"tags":[594,1336],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/5077"}],"collection":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/comments?post=5077"}],"version-history":[{"count":0,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/posts\/5077\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/media?parent=5077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/categories?post=5077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.tmcnet.com\/blog\/rich-tehrani\/wp-json\/wp\/v2\/tags?post=5077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}