Articles about Nasdaq

Fail and You

NASDAQ IT security spend: $1bn. Finding mystery malware on its servers: Priceless

NASDAQ servers were infected by malware that exploited two mystery zero-day vulnerabilities, according to a magazine cover story published today. Despite spending a ton of money on computer security, the stock exchange was wide open to attack, we're told. Today's report pulls back the curtain back to reveal a little more about …
Iain Thomson, 17 Jul 2014

NASDAQ exchange stumbles AGAIN after 'human error' snafu

The NASDAQ stock exchange suffered yet another glitch yesterday, forcing it to halt trading in derivatives contracts linked to the Nasdaq 100 index. The latest in a series of hiccups at the all-electronic exchange was caused by "a human error", the exchange said in a statement. The snafu took out the Global Index Data Service …
Man drinking through a straw CC2.0 attribution Bradley Gordon https://www.flickr.com/photos/icanchangethisright/

Riverbed retires RVBD from NASDAQ after private equity swoop

Riverbed is no longer a publicly-traded company, as the buyout of its stock by private equiteer Thoma Bravo and Teachers’ Private Capital concluded late last week. The deal was announced last December and appears to have been influenced by activist investor Elliot Management which reckons Riverbed could be doing better. All …
Simon Sharwood, 27 Apr 2015
The Winklevoss twins, Cameron and Tyler

Winklevoss twins eye up NASDAQ: Publicly traded Bitcoin fund... what could go wrong?

The Winklevoss twins have set out plans to list their Bitcoin trust exchange on the NASDAQ to create what would be the world's first publicly traded cryptocurrency biz – if it were approved. The news comes just two days after the SEC issued an investor alert warning the public about the risks of virtual currency investments. In …
Jasper Hamill, 09 May 2014
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Tech Data granted one more stay of execution by NASDAQ

The NASDAQ Panel has granted Tech Data a final extension until the end of March to get its accounts up-to-date or face an embarrassing and costly de-listing. The tanker-sized wholesaler confirmed this in a brief filing today that it had until the 27th of that month to report restated results for each quarter in fiscal '14 ending …
Paul Kunert, 09 Dec 2013

NASDAQ halts stock trading, citing data-feed glitch

Updated A technical problem halted Nasdaq securities trading on Thursday, putting stocks such as Apple and Microsoft into limbo. The glitch was due to problems with the trading systems that disseminate pricing quotes, and led to a freeze in the trading of NASDAQ-backed securites at 12:14 Eastern Time. In a statement, the Securities and …
Jack Clark, 22 Aug 2013

'Sign in with LinkedIn' spoof allows baddies to penetrate Slashdot, NASDAQ.com and more

Bigshot online identity providers LinkedIn and Amazon were vulnerable to a novel attack that allowed ID fraudsters potential access to top websites – including Slashdot, NASDAQ.com and Crowdfunder – an IBM security duo have revealed. Or Peles and Roee Hay of IBM Security Systems said the attacks worked because the providers …
Darren Pauli, 05 Dec 2014
Pigeon crapping on statue

Nasdaq blames rival NYSE Arca for 3-HOUR trading outage

The company behind the NASDAQ stock exchange has said that last week's three-hour outage was partly its own fault, but mostly the fault of rival exchange firm NYSE Arca. The glitch forced Nasdaq to take trading offline on Thursday last week – and thousands of Nasdaq-listed stocks were frozen in place for three hours across the …

Blundering Tech Data faces NASDAQ boot over Computer 2000 accounts

Tech Data is facing a delisting from the NASDAQ unless it can bring its financial house in order, the distributor has confirmed. The world's second largest tech wholesaler had until 26 September to file its fiscal 2013 Form 10-K - an annual report required by the SEC - and numbers for first half of this current financial year. …
Paul Kunert, 04 Oct 2013
The Register breaking news

Citi to file claim with Nasdaq over Facebook IPOcalypse

Citigroup is planning to file a claim for its piece of the $62m compensation pot Nasdaq is required to dole out after the Facebook IPOcalypse. The bank is all set to apply for the existing compensation, but it's still leaving its other options open, according to the sources whispering to the Wall Street Journal and Reuters. …

Staggering disk biz Overland heads for Nasdaq exit …. again

Perennially almost-but-not-quite failing Overland Storage is once again under notice from Nasdaq that it might be booted out of the stock exchange after apparently falling short of the "minimum market value" required. It's no fun at all for the beleaguered company's management as it has had to file an 8K form with the US …
Chris Mellor, 09 Jul 2013
Twitter for Mac Old

Twitter snubs IPOcalypse host Nasdaq in favour of NYSE

Twitter has revealed that it has snubbed the tech-heavy Nasdaq market in favour of the New York Stock Exchange (NYSE) for its IPO. Twitter's Nasdaq snub may have something to do with that exchange's mishandling of Facebook's market debut last year, the last highly anticipated tech IPO. In an event that came to be known here at …
The Register breaking news

Nasdaq chief's large package shrinks after terrible Facebook blow

Nasdaq OMX has brutally slashed its chief's 2012 bonus by over half a million dollars because of the Facebook IPOcalypse. The market said in a filing with the Securities and Exchange Commission that Robert Greifeld's bonus for last year would be shaved by 62 per cent, although naturally that still leaves him with a not- …
The Register breaking news

NASDAQ's $62m apology for Facebook snafu approved by SEC

The Securities and Exchange Commission has approved a $63m settlement by NASDAQ OMX Group for the downtime its exchange suffered during the Facebook IPO which left traders unsure if their requested trades had gone through. "Nasdaq proposes to compensate market participants for certain claims related to system difficulties in the …
Iain Thomson, 25 Mar 2013
The Register breaking news

SEC slams NASDAQ with $10m fine for Facebook IPOcalypse

NASDAQ is forking over $10m to the Securities and Exchange Commission as penance for its poorly executed Facebook IPO. The fine was levied against the exchange for the Facebook IPOcalypse, which saw punters at first unable to buy shares in Zuck & Co's data farm social network, and then able to buy but only at unreliable prices …
Jack Clark, 29 May 2013
The Register breaking news

Nasdaq's RIM shot: BlackBerry maker ejected from top 100

A US index of top performing non-financial companies has booted out RIM, Netflix and Electronic Arts after the trio's fortunes fell too far. The Nasdaq-100 is updated every year and is broadly based on market capitalisation with some weighting. The disappointing share performance of the former tech darlings led to their removal …
Bill Ray, 19 Dec 2012
The Register breaking news

Facebook shares drop 10%, trip NASDAQ 'circuit breaker'

In a speedy response to an analyst's negative assessment, Facebook's stock price dove by over 10 per cent in trading on Monday morning, triggering the NASDAQ exchange's "circuit breaker" designed to prevent over-zealous short sellers from further destroying a company's book value. "What are the shares worth? Perhaps only $15," …
Rik Myslewski, 24 Sep 2012
The Register breaking news

Citi rubbishes Nasdaq compensation offer for Facebook IPOcalypse

Citigroup has let the Securities and Exchange Commission (SEC) know that it is not happy with the Nasdaq stock exchange's offer of $62m compensation for the Facebook IPOcalypse. Citi went to town on how badly it thinks Nasdaq mishandled the first day of Facebook trading in a 17-page letter to SEC yesterday, published [PDF] by …
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Overland to ring Nasdaq bell, tease products

Overland, the always-struggling-to-not-go-bust-and-not-get-delisted-from-Nasdaq storage company, is going to ring the Nasdaq opening bell on Friday, October 14. Wherefore this return to Nasdaq grace? Overland will host an investor and analyst briefing at Nasdaq's market site the day before, with prezzies from Overland's execs …
Chris Mellor, 11 Oct 2011
The Register breaking news

Feds: Cyberpunks spied on Nasdaq directors

The same hackers who cracked into Nasdaq's computer systems last year apparently planted malware that allowed them to spy on publicly traded companies. The stock exchange previously said neither its trading systems nor its customer data were exposed by an attack that focused on a web-based app called Directors Desk. However an …
John Leyden, 21 Oct 2011
The Register breaking news

Facebook set to file motion: Will blame NASDAQ for IPOcalpyse

Facebook is planning to file a motion in the US to consolidate all its shareholder lawsuits and blame the NASDAQ stock market for its disappointing IPO. The social network is finally planning to address the 30 or so lawsuits that have been filed against it after the botched handling of its stocks' opening day and their horrible …
The Register breaking news

NASDAQ offers $40m to Facebook IPOcalypse investors

NASDAQ has offered Facebook investors a $40m apology pot for technical glitches that messed up the public sale of the social network's shares - much to the annoyance of rival exchanges. The stock market giant needs a thumbs up from regulators before it can hand over $26m (£16.7m) in trading discounts and $13.7m (£8.8m) in cash …
The Register breaking news

Nasdaq red-faced after software snafu stalls Facebook IPO

Nasdaq OMX chief Robert Greifeld has said he is "humbly embarrassed" by the technical glitch that held up Facebook's IPO on Friday. Greifeld said that problems with order cancellations interfered with the social network's debut, delaying it by more than two hours from the ringing of the bell at 9am EDT. "This was not our finest …

Open Source's 2014: MS 'cancer' embrace, NASDAQ listings and a quiet dog

Ho hum. Another year, another slew of open source announcements that prove the once-maligned development methodology is now so mainstream as to be tedious. Running most of the world’s most powerful supercomputers? Been there, done that. Giving retailers the ability to deliver highly customized paper coupons to consumers based on …
Matt Asay, 27 Dec 2014
cloud

Overland back on the NASDAQ ropes

Disk storage, tape and virtual tape data protection vendor Overland Storage is facing being booted off the Nasdaq index once again due to its declining share price and company value. It is compiling a Nasdaq compliance report and intends to regain NASDAQ compliance and so preserve its ability to raise money at competitive rates …
Chris Mellor, 23 Nov 2010
firing range - target in cross hairs

SEC joins hunt for FIN4 attackers

America's Securities and Exchange Commission (SEC) has joined the hunt for the FIN4 hacking group. The bunch, revealed by FireEye in December 2014, used a phishing attack to get access to listed companies' computer systems. Their payoff was to get insider information to trade their targets' stocks. According to Reuters, the SEC …
The Register breaking news

Nasdaq admits hackers planted malware on web portal

Nasdaq admitted on Saturday that unidentified hackers had succeeded in planting malware on one of its portals. The US stock exchange is keen to stress that trading systems were not affected by suspicious files found on Directors Desk, a web-based dashboard application used by an estimated 10,000 execs worldwide. In a statement, …
John Leyden, 07 Feb 2011
lifebelt

Overland Storage in fiendish reverse stock split share value ploy

Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is wanting to do a reverse stock split to get its share price up above the Nasdaq exit level. This is revealed in an SEC Form-8K filing by Overland. It states: "On April 3, 2014, the Board of Directors of the Company approved a one-for-five (1- …
Chris Mellor, 04 Apr 2014
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Kelway MD: A deal with CDW is NOT around the corner

Top brass at Kelway this week scotched talk on the shop floor of a pending deal with NASDAQ-listed CDW, claiming it will not be acquired outright by the US giant any time soon. CDW – the world’s largest tech reseller – acquired a 35 per cent stake in London-based Kelway late last year for $86.8m. Included in the sale was a 30- …
Paul Kunert, 02 Jul 2015
channel_teaser_exit

HP's M&A guru quits ahead of corporate split

The exec who oversaw some of HP’s chunky acquisitions and investments has left the building months ahead of the corporate split, with Dell’s software group reportedly his next bill payer. Tom Joyce was senior veep of global corporate development since August — transactions include the $3bn buy of Aruba Networks, plus deals with …
Paul Kunert, 11 Jun 2015
The Register breaking news

Another Overland Nasdaq delisting threat

Overland Storage was told by Nasdaq on December 15 that its stock would be delisted because its share value was below Nasdaq's $15m minimum. Overland shares are currently trading at $2.0, giving the company a market capitalisation of $12.68m. Delisting from Nasdaq would affect Overland's creditworthiness, potentially increasing …
Chris Mellor, 22 Dec 2009

Tech giants gang up on Obama over encryption key demands

A pair of technology industry pressure groups have sent a letter to President Obama asking his administration to back off demands that companies give government agencies the ability to decrypt all user data. In the letter [PDF], the Information Technology Industry Council (ITIC) and the Software and Information Industry …
Shaun Nichols, 10 Jun 2015
The Register breaking news

Yandex seeks kopeks in Nasdaq IPO

Yandex, the search engine that claims 64 percent of the market in Russia, is seeking as much as US$1 billion in an IPO put together by Deutsche Bank, Morgan Stanley and Goldman Sachs*. According to Reuters, new shares will be issued by Yandex’s parent company, and its existing owners will cash out some of their shares. The …
arrow pointing up

Overland's Nasdaq market cap gap trap map

Back from the dead? It's a little too soon to say, but Overland Storage - threatened with costly ejection by Nasdaq because its market capitalisation was under $15m - has got a $12m stock issue to put that threat into touch. It's not a done Nasdaq deal yet, but the outcome seems pretty certain. CEO and president Eric Kelly said …
Chris Mellor, 22 Feb 2010
Tech Data

IT distie Tech Data must end accounts-unbungling probe within a fortnight

NASDAQ-listed Tech Data has less than a fortnight to get its accounts in order and financial filings up to date, the distributor acknowledged last night. The Florida-based broadline IT distribution giant discovered whopping great errors in its finance records at UK subsidiary C2000 back in March, which were related to blunders …
Paul Kunert, 13 Sep 2013

Ukraine conflict spilling over into cyber-crime, warns former spy boss

Infiltrate Russian intelligence has begun sharing advanced malware developed for cyber-espionage with cyber-criminals, a former Canadian spy boss warns. Ray Boisvert, former assistant director and head of intelligence for the Canadian Security Intelligence Service (CSIS), told El Reg that Russian security agencies are sharing advanced …
John Leyden, 16 Apr 2015
New York Stock Exchange, photo by Preslethe

NYSE preps for MILLIONS of trades in Twitter IPO stress-tests

In a bid to avoid a similar scenario to Facebook's IPOcalypse, the New York Stock Exchange ran a simulated market debut for Twitter shares over the weekend. The NYSE did a test run of the day Twitter’s stocks will go on sale to check if its systems will be able to handle the tidal wave of traffic the IPO could potentially …

China's make-your-own DRAM ambitions growing all the time

Comment The People's Republic of China is getting heavily into the DRAM foundry business, giving it its own semi-conductor manufacturing fabs and raising the prospect of NAND flash being the next technology to move inside the Great Wall. A bunch of Chinese investors, led by Summitview Capital, have bought Integrated Silicon Solution ( …
Chris Mellor, 17 Mar 2015

Tech Data to close lid on accounting nightmare TOMORROW

Tech Data is about to wake up from the restatement nightmare that has troubled senior execs for nearly 11 months when it reports delayed fiscal '13 numbers tomorrow. The world's second largest tech wholesaler revealed in March that it discovered errors in vendor accounting which could wipe up to $33m off its bottom line for …
Paul Kunert, 04 Feb 2014
channel_teaser_exit

HP or Carbonite? Hmmm. HP or Carbonite? Carbonite!

Do you stick around to help a creaking tech titan rediscover its mojo, or scram for pastures new at a storage upstart? These were seemingly the only options on the table for HP’s chief strategy officer Mohamad Ali, who opted for the latter. After two years and four months, Ali has quit HP to become CEO and president at NASDAQ- …
Paul Kunert, 05 Dec 2014
management regulation1

Diablo-Netlist IP dispute set for jury showdown next week

Next week is decision time in the Netlist-Diablo trial. A jury will rule whether Diablo unlawfully used Netlist's IP in developing technology includedin SanDisk ULLtraDIMM faster-than-PCIe-flash storage products. ULLtraDIMM tech, which speeds server processing of data by lowering access latency, has been licensed to Lenovo, …
Chris Mellor, 20 Mar 2015

US stock markets unveil new IPOcalypse-BUSTERS to watchdogs

US stock exchanges have said that they’ve figured out how to help stop technical trading glitches, following orders from regulators to come up with new rules after trading on the NASDAQ ground to a halt for three hours in August. Market operators including NYSE Euronext and NASDAQ OMX said they had agreed on certain proposals …
The Register breaking news

Overland off Nasdaq non-compliance hook - for now

Struggling data protection vendor Overland Storage has avoided being booted off the main Nasdaq index because of its weak share price and market capitalisation. It's now off the delisting hook "because the company currently meets an alternative maintenance standard." On February 19 Overland received a Nasdaq Staff Deficiency …
Chris Mellor, 23 Mar 2009

Spansion gets Nasdaq delisting notice

Floundering flash mem giant Spansion has received a delisting notice from the Nasdaq stock exchange. The Sunnyvale, California-based company says the notice arrived in part because of its recent Chapter 11 bankruptcy filing. A joint venture of AMD and Fujitsu, Spansion is the world's third-largest flash maker. But its NOR flash …
Cade Metz, 11 Mar 2009

Overland Storage becomes part of Sphere3D

Overland Storage is merging with Sphere 3D; two loss-making companies hoping to come good by coming together. Overland has become a wholly-owned subsidiary of Canadian Sphere 3D, and Sphere 3D Corporation will trade on Nasdaq. Both boards approved the deal as did Overland's shareholders; 99 per cent of the shares were voted in …
Chris Mellor, 05 Dec 2014

Industry group blames 'outdated' kit for stock-market tech disasters

A US trade association for the stock market industry has called for an overhaul of the "outdated" technology systems that exchanges used for their share trading. The Securities Industry and Financial Markets Association (SIFMA) also told the Securities and Exchange Commission (SEC) that it was imperative that brokers, dealers …
Bell Microproducts

NASDAQ delists Bell Micro for late filing

Bell Microproducts lost its NASDAQ listing today because it can't get its act together on financial filings. Surprise, surprise, shares in the computer distributor sank 31 per cent to $1.94 on the news. Expect another plunge tomorrow when Bell Micro stock starts trading on the Pink Sheets. The delisting and lack of audited …
Drew Cullen, 18 Mar 2008
Bang by Guian Bolisay

Meru Networks CEO: 2014 was a year of Cs & Ds

Business went from bad to worse for troubled WLAN maker Meru Networks in calendar 2014: losses widened and sales shrunk, paving the way for a fresh round of workforce throttling. The NASDAQ-listed firm warned the view from its deck wasn’t pretty in Q4 prelims released a month ago, and it wasn’t wrong – turnover crashed 28 per …
Paul Kunert, 10 Feb 2015

Speaking in Tech: Forget Venezuela, Snowden. Go to Anna Chapman's pad!

Podcast speaking_in_tech Greg Knieriemen podcast enterprise It's another episode of El Reg's podcast, bringing you news, views, and rumours about enterprise kit, tech execs' shenanigans, consumer baubles and more... Hiding out from the NSA this week are all three SIT presenters: Greg Knieriemen, Sarah Vela and Ed Snowden Saipetch. …
Team Register, 10 Jul 2013
Electronic waste dump in China

Meru Networks ready to DECIMATE its workforce

Meru Networks has retained financial advisor Deutsche Bank to review future options for the business, as it confirmed its intention to erase “more than” 10 per cent of the global workforce amid falling sales and profits. The NASDAQ-listed WLAN maker revealed last night that according to preliminary estimates for Q4, revenues …
Paul Kunert, 07 Jan 2015