Feeds

Articles about Nasdaq

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 …
management analysis3

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

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
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

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

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. …
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 …
channel

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

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

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

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 …
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
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
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
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

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
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 …

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

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 …

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 …
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

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

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
The Register breaking news

Wall St 'Likes' Facebook again: Shares edge up to pre-IPOcalypse price

It's been 14 months since Facebook debuted on Wall Street and the company has finally rebounded to its initial public offering share price of $38. On Tuesday, the free content ad network's stock rose 7 per cent to $37.96 - just a whisker away from its 18 May 2012 IPO price tag. Facebook saw its shares hit repeated snags: first …
Kelly Fiveash, 31 Jul 2013
management governance3

Clock ticking for IT distie Tech Data to end accounts probe

IT channel biz Tech Data has until September to get its house in order - because that's when it must file all its delayed financial reports to regain compliance with NASDAQ rules. The world's second largest tech distributor missed the deadline for filing its Q1 2013 results this month, some 45 days after the end of the quarter …
Paul Kunert, 20 Jun 2013

Twitter #blabbergasm explodes as shares soar close to $50 on NYSE

A profit-starved Twitter saw its shares debut on the New York Stock Exchange today with a price tag $45.10. The micro-blogging site, which earlier this week issued an explanation to would-be investors about what its service actually offers, set its initial public offering price at $26 last night. First indications from the …
Kelly Fiveash, 07 Nov 2013
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: UK accounting errors cost us $27m

Tech Data (TD) has turned to "external experts" to beef up fraud detection measures after it emerged that righting accounting wrongs at its UK sub had wiped $27m (£16.55m) off net profits for the last three years. The restatement equates to three per cent of income made during fiscal '11, '12 and '13, the periods that forensic …
Paul Kunert, 05 Feb 2014

Dell nemesis Icahn offers Apple's Tim Cook slap-up grub in share buy bid

Investor Carl Icahn - best known for trying to stop Mike Dell from taking Dell the company private - has applied more gentle pressure to Apple boss Tim Cook to get the chief exec to beef up the iPhone maker's share buyback. During the Nasdaq outage, Icahn tweeted that he'd been chatting to Cook and was planning a dinner with the …
Tech Data

Tech Data: Computer 2000 brand taken out back and shot...today

The Computer 2000 brand is to be retired from today as the UK arm of Tech Data adopts its parent's name tag. The timing is interesting, given that C2000 – or the company formerly known as C2000 – is the subject of an ongoing investigation into vendor accounting improprieties. In a letter sent to vendor customers, seen by El …
Paul Kunert, 07 Oct 2013

eBay warns investors: Don't expect 'em to stuff stockings with our tat

Shares in eBay tumbled in after-hours trading on Wall Street, after the online tat bazaar coughed to a "cautious outlook" for the holiday season in the US. The company alerted investors that it could face a difficult Christmas period and partly blamed the government shutdown for a potential slump in sales. Wall Street reacted …
Kelly Fiveash, 17 Oct 2013
The Register breaking news

Facebook is off the IPOcalypse hook... for NOW

A US judge has thrown out a set of four shareholder cases against Facebook, Mark Zuckerberg and other senior staff over its IPOcalypse, and although it still faces many more, things are looking up for Zuck. All four suits rested on allegations that the social network and its officers had withheld certain information from …
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
UK PC repair shop

Blighty's tech sector hasn't had it so good for TEN YEARS - report

The British tech sector is booming as growth soars to levels not seen since the glory days of 2004. That's the key finding in KPMG and Markit's latest Tech Monitor UK report, which charts the fortunes of Blighty's technology industry. Analysts found that business activity posted above a crucial no-change threshold for the …
Jasper Hamill, 29 Jan 2014

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

Distie giant Tech Data's profits collapse amid beancounter probe

Fresh from restating P&L accounts for fiscal 11', '12 and '13, box-flinging demon distie Tech Data has released some delayed numbers for the nine months to 31 October and they make for happy reading… if you are a rival. The world's second largest tech wholesaler earlier this month published a report on the embarrassing …
Paul Kunert, 25 Feb 2014
BlackBerry logo

Ding-dong! Who's at the door now with a big wad of cash, BlackBerry?

Mobile-chip specialist Qualcomm has been named as part of a group looking to make a bid for BlackBerry. The Wall Street Journal cited "people familiar with the matter" when reporting that Qualcomm could join forces with private equity firm Cerberus Capital and the pairing of cofounders Mike Lazaridis and Doug Fregin. The report …
Shaun Nichols, 02 Nov 2013
OCZ Vertex 4 256GB Sata 3 SSD

OCZ balances books, files results following 4-year omnishambles

SSD supplier OCZ Technology Group has finally filed its fiscal 2013 year results after having to correct the four previous years' results, showing how inadequate financial controls nearly caused the company to collapse. As it is, the consumer and enterprise SSD supplier has been facing a Nasdaq delisting and severe financing …
Chris Mellor, 09 Oct 2013
SOURCE: http://www.sxc.hu/photo/959469

BILLION DOLLAR BALLMER: Microsoft chief makes $1bn simply by quitting

Steve Ballmer has just seen his personal wealth surge by a cool $1bn after announcing his retirement from Microsoft - which immediately caused the company's stock to soar close to a 12-month high on Wall Street. The software vendor, which trades on Nasdaq under the MSFT banner, saw its shares initially surge by close to 9 per …
Kelly Fiveash, 23 Aug 2013

Dell goes private: Stock ceases trading, now Big Mike's baby once again

It's official: Dell is now a private company. Founder Michael Dell and Silver Lake Partners have completed their acquisition of the firm in a deal valued at around $24.9bn. "Today, Dell enters an exciting new chapter as a private enterprise," Dell (the man) said in a canned statement. "Our 110,000 team members worldwide are 100 …
Neil McAllister, 29 Oct 2013

Mellanox forges fun-sized 40Gb/sec Ethernet switch

Mellanox Technologies is trying to milk its switch-hitting, hybrid Ethernet-InfiniBand SwitchX-2 chips for every dollar possible, and has just cooked up a baby switch that can run at 40Gb/sec or 56Gb/sec using the Ethernet protocol. The SX1012 is a half-width switch that has a dozen ports in a 1U rack form factor, which means …
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

Tech Data goes for big gun credit man amid accounts probe

Tech Data UK has opted for a big hitter to head up its credit function amid the continued probe into accounting irregularities. Blighty's largest distributor has hauled in former Sun Microsystems global credit manager Kevin Corcoran as director of credit services and after sales management. The second element to the title is …
Paul Kunert, 27 Nov 2013