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Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
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  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
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Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Kirby McInerney LLP Announces the Filing of a Securities Class Action on Behalf of Futu Holdings Limited (FUTU) Investors

The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of those who acquired Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU) securities during the period from April 27, 2020 through May 16, 2023 (the “Class Period”). Investors have until August 11, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Futu Holdings Limited operates as a holding company that, through its subsidiaries, offers an online brokerage platform that enables individual investors to trade in listed stocks.

On October 28, 2021, the Wall Street Journal released an article entitled “Chinese Online Broker Shares Dropped After Criticism From Central Bank”, which discussed a speech given by Sun Tianqi, the head of the financial stability department of the People’s Bank of China. The article stated, in pertinent part: “A senior official at China’s central bank said cross-border online brokerages operating in mainland China were acting illegally, knocking shares in U.S.-listed Futu Holdings Ltd. . . . . The criticism heaps new pressure on [Futu] after [it was] called out earlier this month by Chinese state media, which said the [firm] would face challenges due to the country’s tough new data-privacy laws.” On this news, the price of Futu shares declined by $8.55 per share, or approximately 12.76%, from $67.02 per share to close at $58.47 on October 28, 2021.

On December 16, 2021, Reuters released an article entitled “EXCLUSIVE: Next in China Regulatory crackdown: online brokers sources.” The article stated, in pertinent part: “Chinese officials are planning to ban online brokerages such as Futu Holdings Ltd (FUTU.O) . . . from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year.” On this news, the price of Futu shares declined by $3.50 per share, or approximately 8.57%, from $40.84 per share to close at $37.34 on December 16, 2021.

On December 30, 2022, the Wall Street Journal released an article entitled “China Regulator Says Futu, Up Fintech Violated Laws.” The article stated, in pertinent part: “The regulator also said it was requiring Futu . . . to stop taking on or soliciting new domestic clients and customers, who aren’t allowed to open accounts [and] . . . . Chinese state media had called out [Futu] for flouting China’s securities and other laws.” On this news, the price of Futu shares declined by $18.26 per share, or approximately 31.00%, from $58.91 per share to close at $40.65 on December 30, 2022.

On May 16, 2023, Reuters released an article entitled “Two online brokerages to remove China apps as Beijing data crackdown widens.” The article stated in pertinent part: “Futu, backed by Chinese internet giant Tencent Holdings Ltd, said on Tuesday its apps would be removed from app stores in China from May 19, while UP Fintech, also known as Tiger Brokers, would do the same with effect from May 18.” On this news, the price of Futu shares declined by $1.91 per share, or approximately 4.43%, from $43.15 per share to close at $41.24 on May 16, 2023.

The lawsuit alleges that, throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose that: (1) Futu’s business was, quite simply, illegal as it related to operations in China as a result of its failure to obtain the proper licenses; (2) it did not fully disclose to investors that it was engaging in unlawful activity and instead falsely characterized the applicable Chinese laws as ambiguous; and (3) the foregoing subjected the Company to a heightened risk of regulatory enforcement.

If you purchased or otherwise acquired Futu securities, have information, or would like to learn more about this lawsuit and how it might affect your rights, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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