Jason Pflaum, a former research analyst, hedge fund Barai Capital Management, said Jiau allegedly told his former boss, Samir Barai that estimated profits for Marvell Technology $ 804 million and gross margins 51,6% in a May 2008, according to Reuters.
It turned out was correct in its Jiau forecast that a day after the phone call, Marvell announced net income of $ 804 million and gross margin of 52%. That followed a previous call, where she allegedly gave gross margin of 53 percent.
Pflaum, said during testimony in Manhattan Federal Court, also he would forward messages to their hard-head Barai what Jiau talked about listening in conversation between Jiau and Barai.
These messages will appear in court, reports Reuters.
Jiau, used to work for the primary Global research, charged with allegedly obtaining inside information about public companies, mainly within technology, and sell them to hedge fund managers for more than 200 000 $.
Earlier witnesses had testified earlier in the trial of Jiaus accuracy is claimed to give insider tips.
Barai and Pflaum has already pleaded guilty as part of the Government's insider trading-the expert network probe. Both cooperate with the Government.
Go to the Reuters article
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