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Technology Stocks : Internap Network Services Corporation

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To: Czechsinthemail who wrote (401)	5/23/2002 7:40:23 PM
From: Dave B	Read Replies (2) of 1011

Also, according to the 10Q, INAP received their "90-day" letter from NASDAQ on April 24 (with respect to the stock price having been below $1 for 30 consecutive days). If it's not back above $1 within that 90 day period (I'm not sure how long it has to stay there), it could be delisted. My guess is that we'll see the company and major shareholders do whatever they can to try to get the price back up close to that range. If they can't get it back up above $1, I wouldn't be surprised to see a reverse split. AFAIK, they meet all the other requirements (market cap, cash-in-hand, etc.), though I'm no expert on what those requirements are. Dave

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