As chief operating officer, Krzanich led an organization of more than 50, 000 employees spanning Intel's Technology and Manufacturing Group, Intel Custom Foundry, NAND Solutions group, Human Resources, Information Technology and Intel's China strategy.

ENGADGET: Intel names current COO Brian Krzanich as new CEO, starts May 16th

Authorities said Teeple also provided information about Brocade's plans to acquire Foundry to two acquaintances, including John Johnson, 46, of Arvada, Colo.

WSJ: 2 men charged in NY in $27M insider trading scheme

Neither Loudeye nor Sonic Foundry is profitable. (EncodeThis is private and doesn't have to release its financial information to the public.) Not unsurprisingly, the stocks of both companies have performed terribly this year, swooning about 90 percent from their highs.

CNN: The heart of the online music world beats loudly