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Strategies & Market Trends : Option Granting Practices and exploits
AAPL 269.80-0.2%3:09 PM EST

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To: RockyBalboa who wrote (23)8/18/2006 7:47:38 PM
From: RockyBalboa  Read Replies (1) of 165
 
J2 Requests Nasdaq Delisting Hearing
Friday August 18, 5:44 pm ET
J2 Global Communications Requests Nasdaq Hearing to Review Delisting Notice

LOS ANGELES (AP) -- J2 Global Communications Inc. said Friday that it plans to request a hearing before a Nasdaq panel to review a warning that it does not comply with the stock exchange's listing standards because it has not yet filed a second-quarter 10-Q report.
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J2, which operates message services for phone, e-mail and fax, said its shares will remain listed on the Nasdaq until the panel reaches a decision. The company received the warning Thursday.

The filing delay stems from an ongoing internal probe into the company's stock-option granting practices. The company said it will file its report once the review is completed.

J2 is one of at least 28 companies conducting internal probes into whether stock-option grants were properly accounted for. At least another 69 companies are being scrutinized by the Securities and Exchange Commission or Department of Justice.

Shares of J2 Global Communications closed 34 cents higher at $25.01 on the Nasdaq.
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