A conversation, secretly taped by the FBI, captured a Flextronics director named Walter Shimoon spilling Apple secrets to an an unnamed "cooperative witness" (CW-2) employed by a hedge fund.
According to FORTUNE the conversation took place on Oct. 1, 2009. Shimoon and three co-defendants were arrested today on several changes of wire fraud and securities fraud.
The indictment reveals some interesting information:
● Apple, he is heard telling CW-2, was "coming out next year" with a new iPhone that's "gonna have two cameras ... It'll be a neat phone because it's gonna have a five-megapixel auto-focus camera and it will have a VGA forward-facing videoconferencing camera." Apple announced the iPhone 4 -- with its two cameras -- eight months later.
● Then he is heard telling CW-2 that "they [Apple] have a code name for something new ... It's totally ... It's a new category altogether... It doesn't have a camera, what I figured out. So I speculated that it's probably a reader. ... Something like that. Um, let me tell you, it's a very secretive program. ... It's called K, K48. That's the internal name. So, you can get, at Apple you can get fired for saying K48." The iPad -- code named K48 -- was unveiled four months later.
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According to FORTUNE the conversation took place on Oct. 1, 2009. Shimoon and three co-defendants were arrested today on several changes of wire fraud and securities fraud.
The indictment reveals some interesting information:
● Apple, he is heard telling CW-2, was "coming out next year" with a new iPhone that's "gonna have two cameras ... It'll be a neat phone because it's gonna have a five-megapixel auto-focus camera and it will have a VGA forward-facing videoconferencing camera." Apple announced the iPhone 4 -- with its two cameras -- eight months later.
● Then he is heard telling CW-2 that "they [Apple] have a code name for something new ... It's totally ... It's a new category altogether... It doesn't have a camera, what I figured out. So I speculated that it's probably a reader. ... Something like that. Um, let me tell you, it's a very secretive program. ... It's called K, K48. That's the internal name. So, you can get, at Apple you can get fired for saying K48." The iPad -- code named K48 -- was unveiled four months later.
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