DragonWave shareholders voted at a special meeting Tuesday to consolidate shares in an effort to avoid being delisted from the Nasdaq stock exchange.
DragonWave shares need to be at $1 by the end of February to avoid being delisted.
It was a tough 2015 for the Ottawa-based firm which has seen revenue dry up from its Nokia channel after that company’s acquisition of Alcatel-Lucent, a DragonWave competitor.
(Sponsored)
How shared goals at Tamarack Ottawa Race Weekend strengthen workplace culture
Across workplaces of all sizes and sectors, organizations are continuing to look for meaningful ways to bring people together. Team connection, employee well-being, and community impact are no longer separate
The story behind Glenview Homes’ 2025 GOHBA award-winning Reveli floor plan
When Glenview Homes’ Design and Drafting Manager Eno Reveli sat down to design a new production floor plan, he wasn’t thinking about awards or show homes. He was thinking about
The company also experience a glitch in a product rollout to a new customer in India, a glitch which is still having repercussions even now that the initial problem has been resolved.
CEO Peter Allen said in a recent earnings report conference call the company is transitioning its business to position its products directly to customers.
That means while it will still provide Nokia with its legacy products, it will also compete with it to offer its customers another choice.
“Our focus is to restore the choice of DragonWave products to those operators, a choice that we believe delivers differentiated value because of our unsurpassed capacity and spectral efficiency.”
