SGI stock faces delisting

jhuangjiahua

http://news.com.com/SGI+stock+fa ... 1010_3-5928422.html




By Matt Loney
Special to CNET News.com
Published: November 2, 2005, 9:18 AM PST
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Silicon Graphics Inc., doyenne of the supercomputer world, will be delisted from the New York Stock Exchange next Monday.

The company's stock, which once traded at $50 per share, fell below NYSE's minimum standard for continued listing earlier this year.

The move comes as little surprise. The company received a warning from the NYSE in May, when its share price dropped below the $1 barrier. Although it had dipped into sub-$1 territory in late 2001 and again in late 2002, the price on both occasions recovered within a month or two.
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This year, SGI's shares have traded below the dollar mark for six months straight. They currently trade at less than 70 cents--well below its $50 mark in the heady days of 1995.

NYSE's standard requires that a company's common stock trade at a minimum average closing share price of a dollar during a consecutive 30-day trading period. In a terse press release, SGI noted that "common stock has not returned to compliance with this standard."

SGI said it now expects its stock to be traded on the small-cap OTC Bulletin Board.

Matt Loney of ZDNet UK reported from London.


........

晨想

默哀一下。可怜的SGI。。。（是不是xfs的老家？）