Filed under: Apple Corporate, Apple
Apple won't be delisted from the NASDAQ
There was a chance that Apple would be delisted from the NASDAQ, which is never good for a company's stock. The issue stemmed from the investigation of options irregularities which forced Apple to restate earnings. This, in turn, delayed the filing of some paperwork, a 10Q form to be exact, therefore leading to possible delisting.Luckily, the NASDAQ stated that they will not delist Apple as long as the company files their 10Q within 2 months. Peter Oppenheimer, Apple CFO, says that if Apple is unable to meet that deadline they will file for an extension.
[via the Mac Observer]
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Reader Comments (Page 1 of 1)
Sherman Homan said 2:18PM on 10-27-2006
How ironic. Apple has only outperformed the NASDAQ by more than 600% over the last five years.
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Daniel said 11:27AM on 10-31-2006
NASDAQ can't really "delist" anyone. They are an over-the-counter market, which trades anything in the US. They can only remove Apple from the marketing label of being in the "NASDAQ xxx list" or whatever they call that top tier of symbols.
I seriously doubt that Apple's Treasurer (I don't think they call him CFO) was all that concerned about this. If NASDAQ didn't want them, they qualify for NYSE listing and I'm sure the NYSE would be happy to have them immediately.
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