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Technology Stocks : Zitel-ZITL What's Happening
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To: Bob Trocchi who wrote (18209)3/22/2001 10:22:11 AM
From: Daniel Chisholm  Read Replies (1) of 18263
 
History marches on. ZITL/FRTL receives a NasdaqSC delisting notice. Do I ever regret being forced to cover my ZITL short about a year ago, at $6.125!!!! Please pass the crying towel.... ;-)

biz.yahoo.com

Thursday March 22, 8:41 am Eastern Time

Fortel receives delisting notice from Nasdaq

FREMONT, Calif., March 22 (Reuters) -- Fortel Inc.
(NasdaqSC:FRTL - news), a maker of software for monitoring
online performance, on Thursday said it received a notice from
Nasdaq on Tuesday that its common stock is subject to delisting
from the Nasdaq SmallCap Market for failure to maintain a
minimum bid price of $1 per share.

Fortel said it has requested a hearing before a Nasdaq panel to review the decision. This request
will stay any delisting pending the panel's decision, Fortel said.

Fortel's shares, which have traded in a range of 3/16 to $6-1/4 over the past 52 weeks, closed at
11/32 on Wednesday.


- Daniel
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