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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: zone_boundry who wrote (21223)	8/18/2001 9:29:19 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 21342

Companies often deal with this issue by doing reverse splits. QUOT did one earlier this year and was not delisted. The process can be lengthy The following, taken from QUOT's February proxy materials, details the Nasdaq requirements: sec.gov The Company's Common Stock must maintain a minimum bid price of $1.00 per share in order to remain eligible for continued listing on the Nasdaq National Market. On December 13, 2000, the staff (the "Staff") of the Nasdaq Stock Market, Inc. ("Nasdaq") notified the Company that the bid price for its Common Stock had been below $1.00 per share for a period of thirty consecutive days. The Staff advised the Company that it would be given a period of ninety days within which to comply with the minimum bid price requirement in order to maintain its listing on the Nasdaq National Market. OTHER NASDAQ REQUIREMENTS In addition to the $1.00 minimum bid price per share requirement described above, the continued listing of the Common Stock on the Nasdaq National Market is subject to the maintenance of the other quantitative and qualitative requirements set forth in the Nasdaq National Market Listing Requirements. In particular, the Nasdaq National Market Listing Requirements require that a company currently included in the Nasdaq National Market meet each of the following standards to maintain its continued listing: Nasdaq National Market Listing Considerations: (1) Net tangible assets of $4,000,000; (2) a public float of 750,000 shares; (3) a market value of public float of $5,000,000; (4) a minimum bid price of $1 per share; (5) 400 round lot shareholders; (6) two market makers; and (7) compliance with Nasdaq corporate governance rules.