Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ixia CEO Quits; Misstated Academic Credentials, Age, Early Employment History

RELATED NEWS
Trade XXIA now with 

Ixia (XXIA: Quote) announced that Vic Alston has resigned as its President and CEO and as a member of its board following a determination by the company's audit committee that although he had attended Stanford University, he had misstated his academic credentials, incorrectly claiming to have received a B.S. and a M.S. in Computer Science, and had misstated his age and early employment history.

The company said it has appointed Errol Ginsberg, Ixia's chairman of the board, founder and former CEO as acting CEO, in addition to his current role as chief innovation officer, and Alex Pepe, senior vice president, strategy, as chief operating officer.

Ixia also reaffirmed its third quarter revenue guidance and expects revenue to be above the midpoint of its previously stated guidance range of $112 million to $117 million.

The company plans to commence a search to identify a permanent CEO.

Click here to receive FREE breaking news email alerts for Ixia and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.