TITLE

NEC stock faces Nasdaq delisting

AUTHOR(S)
Taylor, Colleen
PUB. DATE
October 2007
SOURCE
Electronic News;10/1/2007, Vol. 53 Issue 40, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26971228

 

Related Articles

  • Nasdaq Suspends Price and Value Minimums.  // Bioworld Week;11/3/2008, Vol. 16 Issue 44, p2 

    The article reports on the decision of the Nasdaq Stock Market to impose a three-month suspension of its minimum bid price and market value requirements for continued listing in the U.S. in 2008. The decision is a response to the continuing market meltdown in the country. The reprieve is...

  • Bestway stock delisted by Nasdaq.  // Furniture/Today;1/3/2005, Vol. 29 Issue 17, p31 

    The article reports that rent-to-own retailer Bestway Inc., which intended to go private, has had its stock delisted from the Nasdaq SmallCop Market. Nasdaq told the company its stock was delisted because Bestway wasn't in compliance with the exchange's rules.

  • OFF THE MARKET? Monahan, Julie // Entrepreneur;Apr2002, Vol. 30 Issue 4, p25 

    Reports on the suspension of delisting of companies by the Nasdaq market in the U.S. Reason for the move; Grace period given to small-capitalization companies to increase their stock prices; Strategies used by troubled companies to keep from being delisted.

  • Midwest Banc Fights Delisting Threat. Barba, Robert // American Banker;9/23/2009, Vol. 174 Issue 177, p16 

    The article reports on financial problems which Midwest Banc Holdings Inc. is encountering in 2009 despite an infusion of capital from the U.S. government. The bank's stock has been trading for under one dollar per share since June 23, 2009 and as a result it is in danger of being delisted by...

  • Who's afraid of the dark? Murphy, H. Lee // Crain's Chicago Business;2006 Book of Lists, Vol. 28 Issue 52, p40 

    This article reports on Richardson Electronics Ltd., which found itself in the middle of a dispute between its auditors that held up filing of SEC documents. The delay put the company in violation of Nasdaq listing requirements and nearly got the company's shares delisted. Plenty of companies do...

  • Changing tables: StockerYale delists itself. Sanders, Bob // New Hampshire Business Review;4/25/2008, Vol. 30 Issue 9, p6 

    The article reports on the move of StockerYale Inc. to transfer the listing of its common stocks from Nasdaq Global Market to Nasdaq Capital Market in New Hampshire on April 9, 2008. The company believes that the lower cost and listing requirements of Nasdaq Capital Market are more appropriate...

  • Rambus Gets Nasdaq Delisting Threat.  // Electronic News;8/21/2006, Vol. 52 Issue 34, p48 

    This article reports on the threat that Rambus could be delisted from the U.S. Nasdaq Stock Market for failing to file their quarterly reports on time in 2006. The company disclosed that it had received a letter from Nasdaq threatening the delisting. The reason for the failure of Rambus to file...

  • Nasdaq to NetBank: Raise Stock Price. Wolfe, Daniel // American Banker;7/11/2007, Vol. 172 Issue 132, p4 

    The article focuses on an announcement from the online banking company NetBank Inc. The company announced that it was told by Nasdaq Stock Market Inc. that its stock could be delisted because it closed below the minimum price of $1 per share for 30 consecutive days and that it has until December...

  • Tenn. Commerce Delisting Cloud Gone. Breitkopf, David // American Banker;11/9/2007, Vol. 172 Issue 217, p18 

    This article reports that Tennessee Commerce Bancorp Inc. said that issues surrounding a compensation committee vote removed the danger of its being delisted from the Nasdaq Stock Market. Nasdaq's listing qualifications department withdrew a letter about Tennessee Commerce's alleged...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics