NEC stock faces Nasdaq delisting

Taylor, Colleen
October 2007
Electronic News;10/1/2007, Vol. 53 Issue 40, p6
Trade Publication
The article reports on the possible delisting of NEC Corp.'s stocks in the U.S. stock market due to its accounting-related problems. The Japan-based electronics company has announced that was not able to complete a U.S. GAAP-required analysis relating to software, maintenance and service revenues that is primarily governed by a U.S. GAAP standard called SOP 97-2. The company understands that Nasdaq may suspend the trading of its American Depositary Receipts (ADR) and may remove the company's ADRs from trading on Nasdaq.


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