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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.

Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
Jeff Pelline
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.