SCO Receives Nasdaq Notice Letter | Linux Today

SCO Receives Nasdaq Notice Letter

Written By
Web Webster
Web Webster
Apr 30, 2007

[ Thanks to Jerry
Fass
for this link. ]

“The SCO Group, Inc… today announced it has received a Nasdaq
Staff Deficiency Letter on April 23, 2007 indicating that the
Company fails to comply with the minimum bid price requirement for
continued listing set forth in Marketplace Rule 4310(c)(4). The
letter gives SCO notice that the Company’s bid price of its common
stock has closed under $1.00 for the last 30 business days.

“Pursuant to Nasdaq Marketplace Rule 4310(c)(8)(D), the Company
has been provided an initial period of 180 calendar days, or until
October 22, 2007, to regain compliance…”

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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