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Menlo Park, CA, based Investment company Silver Lake Group, L.L.C. buys Tintri Inc, sells GoDaddy Inc, Sabre Corp, BlackLine Inc during the 3-months ended 2018-06-30, according to the most recent filings ...
NEW YORK, NY / ACCESSWIRE / July 11, 2018 / Microsoft had a couple of big developments this week so far, announcing some layoffs as it cuts the size of its international sales force and unveiling a new Surface Go Tablet. Shares of Tintri were deep in the red yesterday as the flash storage company announced it has filed for bankruptcy. Microsoft Corporation shares closed up a modest 0.27% on about 16 million shares traded yesterday.
Two Tintri CEOs have stepped down in the past year. The company's value has dropped, and Nasdaq is seeking to delist its stock. Tintri TNTR , a company that makes storage hardware for companies' data centers, has had a heck of a ride in the past year.
Tintri, Inc. (TNTR) today announced that, on July 10, 2018, it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Tintri will continue to operate its businesses as a debtor-in-possession under the jurisdiction of the bankruptcy court. Tintri intends to continue its efforts to enter into a strategic transaction, including a sale of the company or its assets, following the bankruptcy filing.
Tintri, Inc. (TNTR) today announced that the company received a Staff Delisting Determination Letter from Nasdaq setting forth a determination to delist the company’s securities as a result of the company’s failure to satisfy the requirements of Nasdaq Listing Rule 5250(c)(1) due to its failure to file a Quarterly Report on Form 10-Q for the period ended April 30, 2018. Unless the company requests an appeal of the delisting determination, trading of the company’s common stock will be suspended at the opening of business on July 12, 2018, and Nasdaq will file a Form 25-NSE with the Securities and Exchange Commission, which will remove the company’s securities from listing and registration on Nasdaq.
WallStEquities.com shifts focus on the Semiconductor Memory Chips industry, which designs, develops, and sells microprocessors and related technology and software to enterprises for use as parts in consumer and enterprise computing products. In this morning's lineup are the following stocks: Micron Technology Inc. (NASDAQ: MU), Netlist Inc. (NASDAQ: NLST), Rambus Inc. (NASDAQ: RMBS), and Tintri Inc. (NASDAQ: TNTR).