Articles about Nasdaq

Nutanix's 'expected' IPO date is 30 September

Nutanix is letting the Nasdaq do the talking regarding when the tech upstart will launch its stock-market debut: the New York exchange says it's expected to be September 30. The company is the foremost hyper-converged infrastructure appliance and software startup and is taking on major incumbent vendors such as Cisco, Dell, …
Chris Mellor, 27 Sep 2016
still of Ian McKellan as magneto in the x-men movie

Magneto-resistant upstart Everspin gets itself into an IPO whizz

MRAM startup Everspin has filed for an IPO. Everspin_ST-MRAM_die Everspin MRAM die Magneto-resistive or Magnetic Random-Access Memory (MRAM) is non-volatile RAM that’s faster than NAND; think of it roughly as XPoint-class stuff. It’s been used by server and system vendors for niche needs requiring very fast and non- …
Chris Mellor, 21 Sep 2016

Epic snafu takes Australian Securities Exchange offline

Australian stock traders will be trying to reconcile trades that got lost after the Australian Securities Exchange's Nasdaq-supplied trading platform melted down yesterday. Monday, September 19, was a day of embarrassment for the ASX. Markets opened 90 minutes late, systems struggled throughout the day, and at 2:00pm the ASX …

Drones and alt energy tech star at Spanish start-up fiesta

Hardware tech such as drones and energy reclamation technology predominated at the Startup Ole conference in Salamanca, Spain last week. The two day event gathered 100 startups and more than 1,000 attendees to the historic University town in Western Spain. Similar events in the UK would be dominated by app developers or in …
John Leyden, 12 Sep 2016
Woman holds up PBX phone in office. Pic by Shutterstock

Nutanix to kick off its IPO extravaganza on ... go on, take a guess

Nutanix, the darling of the hyper-converged infrastructure appliance industry, is, we're hearing, going to kick its IPO process into gear from September 6. Closely following on from its acquisition of Calm.io and its gobbling of PernixData, the market-leading head HCIA honcho will start the ball rolling from September 6, with …
Chris Mellor, 01 Sep 2016

Nutanix buys anon firm in India. DevOps upstart Calm won't comment...

Nutanix bought a company recently and is days away from announcing another acquisition. The latest gobbled-up biz is based in India. Nutanix president Sudheesh Nair told the Deccan Herald: “While we won’t be able to name the companies, we can expect a press announcement in a couple of days from now. All I can say is that the …
Chris Mellor, 25 Aug 2016
Stock market image via Shutterstock

French data wrangler Talend has done it: Voila, it's a tech IPO

Big data upstart Talend rang the bell to open the Nasdaq at 9.30am today in New York City – as the company makes one of the few initial public offerings (IPOs) this year. The data integration business was founded in France in 2005, and although its headquarters are in Redwood City, California, the company is listing on the …
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Google Ventures-backed sync-'n'-share firm changes direction. Got your attention?

File sync 'n' share startup Egnyte is starting a move to expand from file management into content intelligence, entering the domain of Commvault and Veritas. Egnyte was founded in 2007 by CEO Vineet Jain, VP Product Management RAjesh Ram, and VP Operations and Chief Security Officer Kris Lahiri. It has amassed $62.5m in …
Chris Mellor, 09 Jun 2016
Suitcase full of money

Dell infosec unit SecureWorks given $1.42bn price tag in IPO

Dell's cyber security subsidiary SecureWorks has been valued at up to $1.42bn ahead of an initial public offering. SecureWorks filed to go public in December 2015. The S-1 form placed with the United States Securities and Exchange Commission (SEC) at the time offered a $100m placeholder figure before the valuation, though this …
Leopard kill

WD CEO: We ain't getting Unisplendour's $3.8bn. But we'll buy SanDisk anyway

Western Digital is facing an investor revolt over its SanDisk buyout and has had the $3.8bn wad it expected from Unisplendour halted by the Committee on Foreign Investment in the United States. Unis (Unisplendour) is a Chinese corporation, owned by the Tsinghua Unigroup, that proposed to invest $3.8bn in WD thus getting a 15 …
Chris Mellor, 23 Feb 2016
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MapR says Q4 revenue embiggenment was down to ex-Oracle chap

San Jose software biz MapR has thanked ex-Oracle executive Matt Mills, who is now the company's president and COO, for its best ever quarterly billings. The privately held and VC-backed company, which announced the award of its first patent last week, stated that its accelerated Q4 drove a doubling in its annual billings …
Supreme Court Building

They've reached it: Crossroads' stock price crashes to just $0.25

Crossroads Systems’s share price has collapsed to $0.25. It was $3.65 in March 2015, following full fiscal 2015 results showing a fifth loss-making year of declining revenues. Why is it still afloat? In its final quarter of financial year 2015, ended Oct 31, the archival software systems shipper saw revenues of a derisory $1. …
Chris Mellor, 03 Feb 2016

Which tech stocks are suffering and – crucially – why?

Analysis With the stock markets on a slide since the start of the year, the usual game of over-hyping companies that are doing well has flipped and now the game is to give companies – particularly tech stocks – a good kicking on the way down. Much of the current frenzy appears built around Twitter, which is having a bad year, and the …
Kieren McCarthy, 20 Jan 2016
Hadoop

Hortonworks shares plunge 22% after secondary IPO news

In Brief The shares of the Hadoop open-source software distributor Hortonworks have plunged 22 per cent following the company's announcement that it had filed for a secondary IPO. Hortonworks is seeking to raise a proposed maximum $100m through the sale of common stock shares, according to a filing with the Securities and Exchange …

The week before Xmas ... not a creature was stirring – except Nutanix finally filing for its IPO

Some big news in the hyper-converged storage world today amid the pre-Christmas lull. How can we say this? Nutanix? Noo-tanix? Nutan-icks? Either way, the hyper-converged storage upstart has finally filed the necessary paperwork to get its stock-market debut underway. The San Jose-based biz today gave US financial watchdog …
Chris Williams, 23 Dec 2015

Millionaire staffers pop corks at Atlassian as Oz biz raises $462m

The champagne must have been flowing at Australian developer Atlassian last night as the company's shares soared by 32 per cent on its first day of public trading, reportedly instantly turning 100 staffers into millionaires. Shares of the Aussie software-as-a-service maker, which helps companies collaborate and manage their …
Kat Hall, 11 Dec 2015
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Everyone wants a piece of software maker Atlassian's ass

Investor hunger to grab a slice of Atlassian has led the Aussie-turned-Brit-based software-as-a-service developer to upgrade its IPO price range by double digits, valuing the business at $4.1bn. The enterprise software organ, which is set to list on NASDAQ this week, had expected to issue stock at between $16.50 to $18.50 per …
Paul Kunert, 09 Dec 2015
Selection of Australian banknotes

So, what should Atlassian spend its post-IPO riches on?

Atlassian could hit Nasdaq as early as next week, opening up the possibility of an acquisition frenzy as the Aussie turned British-based software firm reels in the cash - then starts spending it. The JIRA and Bitbucket vendor should raise as much as $370m, giving it a paper value of $3.6bn. The amended obligatory SEC filing …
Joe Fay, 04 Dec 2015
Help_hand

Overland Storage by any other name would still make losses (and has)

Comment Overland Storage ... sorry, Sphere 3D these days after the acquisition, continues on its merry way with no appreciable change in its progress – revenues are still falling and losses are deepening. Actually, if you look at 22 consistently loss-making quarters, you might even think this is its strategy. CEO and chairman Eric …
Chris Mellor, 18 Nov 2015

UK biz email slinger Mimecast files for $100m IPO in US

Mimecast filed for an initial public offering on Wall Street on Friday and said it hoped to raise up to $100m (£64m). The London-based email security vendor, which has 14,500 biz customers on its books, said that it planned to list under the symbol "MIME" on the Nasdaq exchange. For its most recent quarter, Mimecast – which …
Kelly Fiveash, 19 Oct 2015
Connected Data Transporters

How much? Imation buys Connected Data for $7.5m. No, really

Imation has bought Geoff Barrall’s Connected Data startup for just $7.5m, and finally appointed a new, although interim, CEO. The Clinton Group is the activist investor now in control of Imation’s board and it’s appointed board director Bob Fernander, a Clinton nominee, as interim CEO. He was interim president. Another Clinton …
Chris Mellor, 15 Oct 2015
The Chocolate Festival, London

Google spews out Alphabet. Alphabet gobbles Google

Google morphed into its new holding company, Alphabet, after close of business on Friday. The Chocolate Factory announced a huge rejig of its biz in August, when Sundar Pichai was crowned chief exec of Google. The ad giant's co-founder Larry Page and Sergey Brin now head up Alphabet as CEO and president. Google, meanwhile, …
Kelly Fiveash, 03 Oct 2015
SOURCE: http://www.sxc.hu/photo/959469

Heartland hack: Russian bloke coughs to role in 160m credit card theft

The US Department of Justice says a Russian national, Vladimir Drinkman, has just coughed to being part of a ring that compromised as many as 160 million credit cards two years ago. Drinkman was one of five people charged in 2013 over the mass breach, in which they breached card security at names like NASDAQ, 7-Eleven, and Dow …
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SEC takes $30m pound of flesh in newswire-hacking scandal

A Ukranian investment company and its CEO are going to pay the US government $30m for trading on info swiped from press releases before they were made public. The US Securities and Exchange Commission (SEC) said Jaspen Capital Partners Ltd and CEO Andriy Supranonok illegally profited from investments made based on stolen press …
Shaun Nichols, 14 Sep 2015
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PEAK TECHNOLOGY? Facebook, Amazon, Netflix, Google, Apple stocks hit the deck

Thursday was a rough day on Wall Street for many of the biggest names in the tech industry, as stocks dipped across the board. The Dow Jones Industrial Average fell by 2.06 per cent, and the Nasdaq 100 Index was down 2.8 per cent, on the day Facebook, Amazon, Netflix, Google, and Apple all saw their share prices dip – wiping $ …
Shaun Nichols, 21 Aug 2015
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Informatica goes private – with Microsoft and Salesforce each taking a share

Data management outfit Informatica became a private company on Thursday, in a multibillion-dollar leveraged buyout that included investment from Microsoft and Salesforce.com's venture wing. Investors received $48.75 in cash for each share of Informatica, which previously had traded on the Nasdaq exchange. The total value of …
Neil McAllister, 07 Aug 2015
4 arrows signs in arrow on wooden wall

Apple goes to crapple in stock plunge kerfaffle: $113bn wiped off in days

Peak Apple Apple is in the midst of a stock drop that has caused the Cupertino giant to lose as much as $113bn in market cap. Since posting its last quarterly numbers, Apple (Nasdaq:AAPL) has seen its stock price drop from $125.22 per share to a low point of $112.10. Wary that Apple's meteoric growth from recent years is slowing down as …
Shaun Nichols, 05 Aug 2015
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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
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 …
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

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
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

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
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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

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
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

Virgin, Qualcomm, back 600-satellite space internet plan

WorldVu, an outfit that last year looked to have Elon Musk and Google backing its vision for a fleet of broadband-beaming low-earth orbit satellites, has scored support from Virgin Group and Qualcomm. Now operating as OneWeb Ltd, but still helmed by former Google man Greg Wyler, the plan now calls for 648 satellites instead of …
Simon Sharwood, 16 Jan 2015
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

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
Man types something into Mac while sipping a glass of lemon water. Not a brilliant idea. Photo by SHutterstock

'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
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

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

Silver-tongued phish bait lures execs, hooks M&A deals

A hacking group has been stealing identity information and reading emails to get the inside edge on stock markets to buy and sell to make quick profits. Vendor FireEye reckons the group sent articulate phishing emails with malicious attachments demonstrating "deep" knowledge of financial markets and corporate communications. …
Darren Pauli, 02 Dec 2014
Doomsday clock

Tick-tock, CDW: Mega reseller has 30 months to buy the rest of Kelway

The clock is ticking for NASDAQ-listed CDW to hoover up the remaining share base of Kelway – or leave it for someone else to slurp. As revealed first by The Channel yesterday, the world’s largest tech reseller bought a 35 per cent stake in London-based Kelway in a deal that values the overall business at around £262m. Under the …
Paul Kunert, 07 Nov 2014
Vulture

Activist investors DESTROY COMPANIES. Don't get me started on share dealings...

Comment Public companies have four groups of stakeholders: shareholders; execs paid with share performance in mind; other workers; and their customers. Shareholders and share value-incentivised execs are ripping the heart out of many public companies, siphoning off their wealth, going for short-term in favour of long-term interests, and …
Chris Mellor, 09 Oct 2014

Yahoo!... Our Alibaba stake's worth BILLIONS. Oh – our shares are in the toilet

Worstall on Wednesday So here's the little financial markets puzzler of the moment. Alibaba has launched that IPO, the stock has soared and Yahoo! has made a bundle. Jerry Yang's original investment of $1bn now looks like one of the great investment deals of all time. However, as the Alibaba stock price soared (from the $68 of the placing to some $99 …
Tim Worstall, 24 Sep 2014

Court flushes VirnetX's $368m check from Apple down the toilet

A US court has dashed a $368m windfall for technology hoarder VirnetX, which successfully sued Apple for patent infringement. The Federal Circuit Court of Appeals in Washington today tore up [PDF] the infringement damages figure given by a jury in a lower court – and sent the case back for reconsideration. A jury in the …
Shaun Nichols, 16 Sep 2014
Apple iPhone 6

iPhone 6, Watch: Hate it or really hate it, Apple's now a $604.77bn biz

As Apple unveiled its iPhone 6 and "the Watch" on Tuesday, its stock price went on a rollercoaster ride to $102.92 a share, then plummeted to $96.71, and now – after just one day of trading – it has settled on $101. That means, on Wednesday, Apple closed trading up $3.01 on the start of the day, a gain of 3.07 per cent. It was …
Shaun Nichols, 11 Sep 2014

Overland Storage and BDT end four-year-long patent spat

Overland Storage and BDT have terminated their four-year lawsuit in which Overland sued BDT for allegedly using its intellectual property unlawfully. Tape automation product supplier Overland commenced its action against German tape automation supplier BDT concerning tape media handling in tape libraries. It did so on a no win/ …
Chris Mellor, 31 Jul 2014
Facebook down

Joe Average isn't worth $10 a year to Mark Zuckerberg

You're not worth $US10 a year to Mark Zuckerberg. That's one of the many factoids revealed in The Social NetworkTM's new Form 10-Q (PDF) filed last Friday. One item of interest is that the US Securities and Exchange Commission (SEC) has decided not to investigate Facebook's 2012 float. The Social Network's big day was spoiled …
Simon Sharwood, 28 Jul 2014