A former analyst at Primary Global Research testified yesterday that the company sought out would-be consultants at publicly-traded companies, and offered up the example of one as a reason why.
Bob Nguyen, a technology analyst at the expert-network who has pleaded guilty to insider-trading charges, said Primary Global executives pushed him to recruit public company employees—"they were more insightful working at publicly-traded companies," he told the jury.
Nguyen, testifying in the trial of former Primary Global sales executive James Fleishman, went into detail about his dealings with one consultant, Mark Longoria, formerly of Advanced Micro Devices.
Longoria was Primary Global's most popular technology expert, Nguyen said. He described three phone calls with Longoria, who has pleaded guilty and who is expected to testify later in the trial, in which Longoria offered revenue forecasts and average sales prices.
"I stepped out of the meeting and said, 'Wow, this is pretty detailed information,'" Nguyen testified.
"I remember his saying he got [confidential revenue figures] from a buddy in finance," he added.