Silicon Graphics has announced that it received a letter from the Nasdaq Stock Market on December 2nd indicating that SGI’s stock sat below the minimum market value required for inclusion on this market’s listing for too long. SGI’s stock sat below the $35 million minimum requirement for 10 consecutive trading days leading up to the notification.
Silicon Graphics has thirty calendar days, or until January 2, 2009, to regain compliance with the aforementioned financial benchmark. For more info on the delisting notification, read the full article here.
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