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Technology Stocks : Tricord Systems (TRCD)

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To: Kurt Goebel who wrote (579)5/15/1998 8:43:00 AM
From: Neil S  Read Replies (1) of 773
 
Tricord filed a 10Q yesterday and addressed the Nasdaq listing issue as follows:

<<NASDAQ
In February 1998, the Company received notice from the Nasdaq Stock Market that the Company was not in compliance with Nasdaq National Market listing requirements and that the Company could be subject to transfer to the SmallCap Market or delisting. The Company has successfully resolved the Nasdaq minimum bid requirement. The Company is currently pursuing the procedures available under Nasdaq rules to avoid transfer to the SmallCap Market. The Company's goal is to remain on the Nasdaq National Market, however, there can be no assurance that the Company will be successful in remaining on the Nasdaq National Market or ultimately, on the Nasdaq Stock Market. >>

Neil
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