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SGI Receives NASDAQ Delisting Notification

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.

Trackbacks

  1. [...] market news by unknown « RealClearMarkets – AP – Markets – Dec 09, 2008 – Stocks tumble [...]

  2. [...] and got this blogger through grad school, might just be on its final legs. Today, they received a delisting notice from the Nasdaq. Now, this is not the first time they’ve been in trouble, having filed for [...]

  3. [...] and got this blogger through grad school, might just be on its final legs. Today, they received a delisting notice from the Nasdaq. Now, this is not the first time they’ve been in trouble, having filed for [...]

  4. [...] is the second time in the recent financial crisis that SGI has received a delisting notification. They were initially [...]

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