Linked by Thom Holwerda on Thu 21st Sep 2006 08:59 UTC, submitted by Jeff
Novell and Ximian "Novell today announced that it had received a staff determination notice from the NASDAQ Stock Market stating that the company's common stock is subject to delisting from the NASDAQ Stock Market. The notice was issued in accordance with standard NASDAQ procedures as a result of the delayed filing of Novell's quarterly report on Form 10-Q for the period ended July 31, 2006."
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Sorry Folks...
by tjolley on Thu 21st Sep 2006 13:34 UTC
tjolley
Member since:
2006-03-14

..Nothing to see here, move on..This is SOP for NASDAQ. Dozens of companies get these every quarter.

It's just an official notice to get off their ass and file the required paperwork.

Major compnaies get them all the time and no one ever hears about it..it's nothing exciting

Reply Score: 5

RE: Sorry Folks...
by Harald on Thu 21st Sep 2006 14:53 in reply to "Sorry Folks..."
Harald Member since:
2006-03-10

Whether it is 'nothing' or not...I'd still take notice if I were a shareholder.

If they're delaying because of a voluntary audit...there could be a surprise in store for shareholders, such as a restatement of results for previous quarters.

Wall Street doesn't react well to such surprises, nor should it.

Reply Parent Score: 1

RE[2]: Sorry Folks...
by grat on Thu 21st Sep 2006 18:49 in reply to "RE: Sorry Folks..."
grat Member since:
2006-02-02

Which is of course why Novell announced the internal audit at it's last quarterly reports.

Hopefully most shareholders are more informed than you are.

Reply Parent Score: 1