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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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August 31, 2015
10:02 EDTGIGOn The Fly: Analyst Initiation Summary
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06:45 EDTGIGGigOptix initiated with an Outperform at Cowen
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August 28, 2015
16:54 EDTGIGAvi Katz reports 7.0% stake in GigOptix
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August 21, 2015
09:13 EDTGIGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Accuray (ARAY), up 12.7%... Brocade (BRCD), up 6%... salesforce.com (CRM), up 3.5%. DOWN AFTER EARNINGS: Intuit (INTU), down 6.7%... Deere (DE), down 5.4%... Nordson (NDSN), down 4.4%. ALSO LOWER: GigOptix (GIG), down 20% after 9.22M share Spot Secondary priced at $1.70... VirnetX Holding (VHC), down 19.8% after filing to sell 35M shares of common stock... Northwest Biotherapeutics (NWBO), down 8.7% after TheStreet's Adam Feuerstein reports, via Twitter, that CVax Phase 3 study has been temporarily halted in Germany.
08:34 EDTGIGGigOptix 9.22M share Spot Secondary priced at $1.70
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August 20, 2015
16:31 EDTGIGGigOptix to offer 282,000 shares of common stock for holders
Cowen and Company, LLC and Roth Capital Partners are acting as joint book-running managers for the offering. Craig-Hallum Capital Group LLC is acting as co-manager for the offering.
16:30 EDTGIGGigOptix to to offer common stock, no amount given
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