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SCO Receives Nasdaq Notice Letter...

Sep 20, 2007, 14:30 (0 Talkback[s])

"Here's the press release. They still call themselves 'a leading provider of UNIX software technology and mobile services.' That isn't what they just told the bankruptcy court, but who's counting? So they say they got a delisting letter saying they'll be delisted as of September 27. This is the interesting part:

"The Nasdaq Staff Determination Letter received on September 18, 2007 indicated that as a result of the Company's having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Nasdaq Staff has determined, using its discretionary authority under Nasdaq Marketplace Rules 4300 and IM-4300, that the Company's securities will be delisted from The Nasdaq Stock Market and that trading in the Company's common stock will be suspended unless the Company requests a hearing to review the determination..."

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