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Ixia Files Annual Report, Restatements

socalTECH

Ixia has been digging itself out of a hole, all related to the surprise resignation of its former CEO back in October of 2013 due to a fabricated resume. That triggered a massive round of audits and delays to the company''s earnings reports, and has had the company fending off a delisting on the NASDAQ. READ MORE>>.

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Ixia Delays Third Quarter Report

socalTECH

In yet more bad news over at Calabasas-based Ixia , the company said late Monday that it is further delaying filing of its 10-Q financial report, for its third quarter of 2013. The company had already delayed the report until yesterday but failed to meet the deadline. READ MORE>>.

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ACTIVE Network Seeks Buyer

socalTECH

San Diego-based sports and activity registration provider Active Network appears to be looking for a buyer, or maybe an outside investment, saying yesterday that it has created a committee to evaluate "strategic transactions". The disclosure came in Active Network''s quarterly results. Active Network reported a net loss of $2.7M

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Infographic: Over $1B Raised in 2013 by Los Angeles Startups

Tech Zulu Event

Overall, great news for our fair city with a 25% increase in funds raised in 2013 over the year before. Next in line was content delivery network Edgecase Networks with a $54 million round in July, a few months before being acquired by Verizon for $350 million. Originally posted by the good people at Built In Los Angeles.

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Report: Broadcom In Deal To Power 802.11ac For New Macs

socalTECH

A new report this morning says that Irvine-based semiconductor maker Broadcom has inked a deal to power super-fast Wi-Fi connectivity on Apple's new 2013 lineup of Macs. 802.11ac supports speeds of up to 1.3Gbps using three antennas.

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Ixia Reports Progress On Nasdaq Compliance

socalTECH

Calabasas-based network testing equipment and software maker Ixia said late Thursday that the company''s plan to regain compliance on the Nasdaq has been accepted by the exchange. ixia nasdaq compliance stock exchange network hardware testing equipment scandal' READ MORE>>. READ MORE>>.

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Ixia Plans Restatement Of Two Quarters

socalTECH

Calabasas-based Ixia said late Thursday that its audit committee has determined that its 10-Q quarterly reports for the first and second quarters of 2013 should no longer be relied upon, and that it will restate those two quarters. ixia restatement network hardware testing finance accounting audit' for those two quarters.

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