We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Uber Admits to Finding Allegedly Stolen Waymo File
Read MoreHide Full Article
The ongoing legal dispute between Alphabet Inc. (GOOGL - Free Report) and Uber just took an interesting turn. The ride-sharing company admitted in court Wednesday that it found one of the documents that Waymo—formerly the Google self-driving car project—claims was stolen by a former employee.
According to a new report from TechCrunch, Uber’s attorney revealed that the company found one of the allegedly stolen documents on a personal device belonging to Sameer Kshirsagar, one of the three people that Waymo has accused of stealing its trade secrets.
Kshirsagar is accused of stealing several key documents before he left Waymo to join Uber, but Alphabet’s primary complaint surrounds Anthony Levandowski, a former member of Google’s self-driving car team that left the project to found autonomous trucking company Otto (also read: Alphabet Suing Uber Over Self-Driving Car Technology).
Otto was launched in May, 2016 and acquired by Uber just two months later.
Levandowski is accused of downloading a whopping 14,000 confidential files, including Waymo’s LiDAR circuit board designs, to an external disk drive using specialized software. In an effort to cover his track, Levandowski allegedly download a new OS to his company laptop in order to delete information.
Alphabet was first alerted to the potential theft when an Uber supplier inadvertently copied a Google executive in an email titled “Otto files.” The message was being sent to people that at Uber that Google thinks were working on self-driving technology.
Uber has reportedly many of its employees’ devices, and the company maintains that none of the allegedly stolen files ever made it to Uber. It’s important to note that today’s revelation only points to one document on a personal device, which is a far cry from thousands of documents circulating around between Uber employees.
Nevertheless, the battle between Waymo and Uber will rage on for the time being. For Uber, the case is just another item on the growing list of controversies and competition that could threaten its future, especially as investors grow more eager for an IPO.
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like to peek behind the curtain to see all the best stocks Zacks' team of experts are recommending? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF and options moves...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). Click here for all Zacks trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Uber Admits to Finding Allegedly Stolen Waymo File
The ongoing legal dispute between Alphabet Inc. (GOOGL - Free Report) and Uber just took an interesting turn. The ride-sharing company admitted in court Wednesday that it found one of the documents that Waymo—formerly the Google self-driving car project—claims was stolen by a former employee.
According to a new report from TechCrunch, Uber’s attorney revealed that the company found one of the allegedly stolen documents on a personal device belonging to Sameer Kshirsagar, one of the three people that Waymo has accused of stealing its trade secrets.
Kshirsagar is accused of stealing several key documents before he left Waymo to join Uber, but Alphabet’s primary complaint surrounds Anthony Levandowski, a former member of Google’s self-driving car team that left the project to found autonomous trucking company Otto (also read: Alphabet Suing Uber Over Self-Driving Car Technology).
Otto was launched in May, 2016 and acquired by Uber just two months later.
Levandowski is accused of downloading a whopping 14,000 confidential files, including Waymo’s LiDAR circuit board designs, to an external disk drive using specialized software. In an effort to cover his track, Levandowski allegedly download a new OS to his company laptop in order to delete information.
Alphabet was first alerted to the potential theft when an Uber supplier inadvertently copied a Google executive in an email titled “Otto files.” The message was being sent to people that at Uber that Google thinks were working on self-driving technology.
Uber has reportedly many of its employees’ devices, and the company maintains that none of the allegedly stolen files ever made it to Uber. It’s important to note that today’s revelation only points to one document on a personal device, which is a far cry from thousands of documents circulating around between Uber employees.
Nevertheless, the battle between Waymo and Uber will rage on for the time being. For Uber, the case is just another item on the growing list of controversies and competition that could threaten its future, especially as investors grow more eager for an IPO.
Which Stocks are Zacks Experts Talking About?
Stocks in today's headlines may be tempting buys, but how would you like to peek behind the curtain to see all the best stocks Zacks' team of experts are recommending? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF and options moves...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). Click here for all Zacks trades >>