Friday, March 14, 2014

Ixia Gets Another Nasdaq Warning

Calabasas-based Ixia, which develops network testing hardware and software, has received another warning from the Nasdaq over issues stemming from the sudden departure of its CEO last year over the discovery he had fabricated his resume. Ixia said that the warning came due to the delay in filing its annual Form 10-K annual report, for its fiscal year ended December 31, 2013. Ixia said it has until March 18th--Tuesday--to submit a plan to regain compliance with the listing. The company already was in the midst of trying to get its 10-Q audited and submitted for the prior quarter. Ixia said it is looking to request and extension of a current exception until March 18th to file its prior form 10-Q.

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