Articles about nasdaq

Stock market trader worries looks at board

Shop-lock, stock drop and barrelled results: Nasdaq threatens Tintri with delisting

The noose around Tintri's neck tightened today as Nasdaq confirmed it will delist the company's stock on Thursday July 12. The near-bankrupt, near office-less and employee-less Tintri was sent what's called a Staff Delisting Determination Letter from the US exchange that its shares are traded on, as the storage array biz has …
Chris Mellor, 10 Jul 2018
beer

Intel confab roundup: Beer and earthquakes, flying cars and IPOs

Intel Capital If ever there was an analogy for how technology enables man to do extraordinary things, it came on Tuesday morning and Wednesday afternoon last week at the Intel Capital conference in Palm Desert, California. At 0450 on Tuesday, the entire resort of the JW Marriott Desert Springs started moving. And moving a lot. For those …
Kieren McCarthy, 15 May 2018
loud

Noise from blast of gas destroys Digiplex data depot disk drives

It's a bit rich when a fire prevention system designed to protect a data centre kills its servers, but that's what happened when inert gas was injected into a Nasdaq Digiplex bit barn in Sweden. The gas release – on 18 April – caused a loud, high-pitched whistle, which resulted in vibrations destroying server disk drives, the …
Chris Mellor, 26 Apr 2018

Supermicro praying for Nasdaq time

Supermicro, under threat of Nasdaq delisting for not filing recent quarterly reports on time, is negotiating fresh loan financing. It asked Nasdaq for another 180-day extension a fortnight ago. Its prior 180-day extension elapsed yesterday. The San Jose-based server vendor said it was talking to the Bank of America Merrill …
Chris Mellor, 14 Mar 2018

MongoDB shoots for $220m in IPO, values NoSQL biz at $1.2bn

MongoDB hopes to rake in as much as $220.8m when it finally goes public – a move expected later today. The NoSQL database company, which started life as 10Gen in 2007, has set its share price at $24, up from previous market estimates of around $21. It is putting 8 million Class A shares on the market, with trading due to …
Rebecca Hill, 19 Oct 2017

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

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 …
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, 5 Aug 2015
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
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 ( …
Chris Mellor, 4 Apr 2014

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, 4 Feb 2014
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 …
Paul Kunert, 9 Dec 2013

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 …

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 …
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 …
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, 9 Oct 2013

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, 4 Oct 2013
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

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