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Technology Stocks : SatCon Technology (SATC)

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To: Jim Oravetz who wrote (407)6/18/2003 12:43:09 PM
From: Jim Oravetz  Read Replies (1) of 440
 
May14th: Satcon Tech Gets Nasdaq Sept. 15 Delisting Deadline
DOW JONES NEWSWIRES

WASHINGTON -- Satcon Technology Corp. (SATC) received a potential Nasdaq Stock Market delisting notice March 19 because its common stock has been trading below the $1-a-share minimum requirement.

Shares of the company recently traded at 69 cents, down 16 cents.

According to a quarterly report filed Tuesday with the Securities and Exchange Commission, the company hadn't met the requirement as of April 29.

Nasdaq has given the company until Sept. 15 to regain compliance or face delisting, the filing said.

Satcon Technology makes and sells power and energy management products for distributed power generation, telecom, silicon wafer manufacturing, factory automation, aircraft, satellites and automotive applications.
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