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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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Ixia Files Annual Report, Restatements

socalTECH

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. 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. READ MORE>>.

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Report: Blackline Filing For IPO

socalTECH

A report on Monday says that Calabasas-based Blackline Systems has filed for a confidential IPO, with an IPO coming as soon as next month. According to Reuters , citing "people familiar with the matter", said that Goldman Sachs is leading the IPO effort, which could value Blackline Systems at more than $1 billion.

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Report: Keysight Technologies Planning Offer On Ixia

socalTECH

Calabasas-based network testing equipment and software developer Ixia is nearing a deal to be acquired by competitor Keysight Technologies , according to Reuters this week, citing "people familiar with the matter." Terms of the potential bid were not announced, and the report says that Keysight Technologies is not the only bidder on Ixia.

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Report: THQ Cutting 170

socalTECH

Calabasas-based videogame developer THQ has reportedly cut 170 of its employees, according to reports Wednesday. According to reports on gaming sites, the cuts are expected to be announced along with THQ's earnings tomorrow. The report of the cuts apparently came via gaming insider Kevin Dent.

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DTS Gets Win In ASUS ZenFone 6

socalTECH

Calabasas-based DTS , which is a subsidiary of Xperi Corporation, reported a design win, in the new ASUS ZenFone 6 Android smartphone. According to DTS, its DTS:X Ultra audio technology has been incorporated into the new Android smartphone, offering up an immersive audio experience for music, movies, and gaming.

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Wildfire Losses In California To Cost $400 Billion, Says Report

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AccuWeather did not say if it is only including the impact from the devastating Camp Fire in Paradise, California and the Woolsey Fire, which hit Calabasas, Oak Park, Thousand Oaks, Malibu, and surrounding areas, or if it tallied up losses for what have been many large wildfires in California this year.