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Stock Market & Financial Investment News

News Breaks
January 9, 2013
16:38 EDTGIGGigOptix reduces global workforce by 10% and reduces salaries
GigOptix has taken actions which became effective today to adjust overall spending. These actions include reducing the companyís global workforce by about 10%, primarily in the companyís support and administrative functions, and company-wide salary reductions ranging between 5%-25% based on an individualís salary level. These actions are expected to result in approximately $450K of quarterly cost savings once the plan is fully implemented.
News For GIG From The Last 14 Days
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June 29, 2015
09:03 EDTGIGGigOptix raises FY15 revenue view to at least $39M from $37M-$38M
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09:02 EDTGIGGigOptix sees achieving positive GAAP net income, record non-GAAP profitability
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09:01 EDTGIGGigOptix sees Q2 revenue approx. $9.8M, consensus $9.42M
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