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Article: GSI Group Inc. Announces NASDAQ Delisting and Reports Progress on Revenue Recognition Review and Preliminary Third Quarter 2009 Bookings and Cash Balance.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
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GSI Group Inc. (the "Company") (NASDAQ:GSIG), a supplier of precision technology and semiconductor systems, announced that it received notification from the Nasdaq Hearings Panel that the Panel has determined to delist the Company's shares from the Nasdaq Stock Market and will suspend trading in the Company's shares effective at the open of business on November 5, 2009. The Panel's determination was made in connection with the Company's non-compliance with the filing requirements set forth in Listing Rule 5250[c](1) due to the delayed filing of certain of its periodic reports.
As provided under applicable Nasdaq rules, the Company intends to request a review of ...
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