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Short Take: Cal Micro ex-pres pleads guilty

Surendra Gupta, a former president of California Micro Devices, has pleaded guilty to security fraud at the start of his trial, according to the Associated Press. Gupta was one of several Cal Micro executives charged with securities fraud. A new trial is set for June 15 for the other defendants.

Surendra Gupta, a former president of California Micro Devices, has pleaded guilty to security fraud at the start of his trial, according to the Associated Press. Gupta was one of several Cal Micro executives charged with securities fraud. A new trial is set for June 15 for the other defendants.