IT Manager's Journal: What Happens If SCO Group Stock is De-listed on NASDAQ
Feb 21, 2005, 18:30 (5 Talkback[s])
(Other stories by Melanie Hollands)
"The SCO Group has failed to file its annual Form 10-K (aka
annual report) for the fiscal year ending Oct. 31, 2004, with the
Securities and Exchange Commission. On Feb. 16, SCO received a
notification from the NASDAQ that it was not in compliance with the
exchange's listing requirements. The 10K was due on Jan. 31, 2005,
as the SEC requires filing within 90 days of fiscal period-end (in
SCOs case Oct. 31, 2004). SCO filed for a 15-day extension, which
expired on Tuesday, Feb. 15.
"The SEC now considers SCO Group to be a delinquent filer; as
such the NASDAQ added an "E" to the end of its former SCOX ticker
(like a scarlet letter) to signal that status to the market. SCO's
stock started trading under the symbol SCOXE on Friday, Feb.