|
|
Article: SONICblue Receives Nasdaq Delisting Notice.
- Article from:
- PR Newswire
- Article date:
- March 28, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
SONICblue(TM) Incorporated announced today that on March 24, 2003 it received notification from Nasdaq Listing Qualifications Staff that SONICblue's securities will be delisted from The Nasdaq SmallCap Market at the opening of business on April 2, 2003. SONICblue currently has no plans to appeal the delisting.
In its letter to SONICblue, Nasdaq Listing Qualifications Staff cited several factors in its determination to delist SONICblue's securities, including SONICblue's filing of a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code on March 21, 2003 and associated public interest concerns raised by the filing, concerns ...