Articles about nasdaq

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, 9 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

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 …
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 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

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'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 …
Iain Thomson, 25 Mar 2013
lifebelt

Foundering OCZ snatches megabuck lifeline in white-knuckled grip

OCZ, drowning in a sea of cancelled products, its banker missing overboard, revenues leaking from its deflating financial rubber ring and burdened by an inability to understand its own condition has been hurled a last minute $30 million cash and credit lifeline. The SSD startup company almost submerged under previous CEO and …
Chris Mellor, 13 Mar 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

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 …
Bill Ray, 19 Dec 2012
The Register breaking news

Hurricane Sandy blows away Google Nexus launch in New York

Incoming storm Hurricane Sandy has forced Google to cancel its latest event in New York and closed the country's stock exchanges. Hurricane Sandy map Google has launched its own crisis map of the region, compiled from NHC and US Naval Research Lab data as well as alerts and evacuation notices from weather.gov and earthquake. …
The Register breaking news

Facebook IPOcalypse cases: One lawsuit to end them All

The 57 different cases against Facebook or the NASDAQ over the free-content ad firm's disastrous IPO have all been mashed up into one uber-lawsuit to be heard in New York. The technical glitches that marred the first day of Facebook's stock trading have been blamed by many for the share's low prices, sparking class action …
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

Zuckerberg WON'T flog his Facebook shares for a year

Facebook supremo Mark Zuckerberg has confirmed he will not sell any of his shares in his social networking website for one year. His declaration, in a regulatory filing on Tuesday, came as his company's stock bombed once again on Wall Street: it scored a new all-time low price of $17.55 before closing at $17.73 on Nasdaq. …
Kelly Fiveash, 5 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 …
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 …
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 …
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Mary Meeker's top technology trends

In a speech on internet trends for the next year Mary Meeker, partner at blue chip technology venture capital firm Kleiner Perkins Caufield & Byers, predicted strong growth in mobile use but a cash shortfall for companies relying on ad revenue. She also took time to critique Facebook's recent IPO. According to her report, …
Iain Thomson, 30 May 2012

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