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Technology Stocks : 8x8 (EGHT) -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (1313)	8/11/2003 12:04:58 PM
From: Carolyn	Read Replies (1) \| Respond to of 1927

Gee, I didn't know you followed the stock!

To: sandintoes who wrote (1313)	8/11/2003 12:05:37 PM
From: sandintoes	Respond to of 1927

EGHT 8x8 Inc Nasdaq-SCM 8x8 Announces Receipt of a Delisting Notification From Nasdaq SANTA CLARA, Calif., Jul 11, 2003 /PRNewswire-FirstCall via COMTEX/ -- 8x8, Inc. (Nasdaq: EGHT) today announced that on July 11, 2003, it had received a Nasdaq Staff Determination notification that the Company had not, by July 7, 2003, regained compliance with the minimum $1.00 closing bid price per share requirement, as set forth in Marketplace Rule 4310(c)(4), and that, accordingly, its securities would be subject to delisting from The Nasdaq SmallCap Market at the opening of business on July 22, 2003. Furthermore, the Company has been notified by the Nasdaq Staff that it is not in compliance with Marketplace Rule 4310(c)(2)(B), which requires the Company to have a minimum of $2,500,000 in stockholders equity or $35,000,000 market value of listed securities or $500,000 of net income from continuing operations for the most recently completed fiscal year (or two of the three most recently completed fiscal years). As it is entitled pursuant to the procedures set forth in the Nasdaq Marketplace Rule 4800 Series, the Company may appeal the Nasdaq Staff's determination to a Nasdaq Listing Qualifications Panel. The request for such a hearing must be received by Nasdaq's Hearings Department on or before 4:00 pm (EDT) on July 18, 2003. At this time, the Company intends to file a request for appeal of the Staff determination to the Panel. There can be no assurance that the Company's appeal will be successful. About 8x8, Inc. 8x8, Inc. offers the Packet8 broadband telephone service (www.packet8.net), consumer videophones, hosted iPBX solutions (through its subsidiary Centile, Inc.), and voice and video semiconductors and related software (through its subsidiary Netergy Microelectronics, Inc.). For more information, visit 8x8's web site at www.8x8.com. NOTE: 8x8 is a trademark of 8x8, Inc. All other trademarks are the property of their respective owners. This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, statements relating to the Company's intention to appeal the Nasdaq's delisting determination. Investors are cautioned that these statements involve risks and uncertainties, and actual results could be materially different from those discussed in this news release. There is no guarantee that the Company will be successful if it appeals the Nasdaq's delisting determination. Further information on factors that could affect the actual results of 8x8 are included in 8x8, Inc.'s Annual Report on Form 10-K for the fiscal year ended March 31, 2003, which is on file with the Securities and Exchange Commission. 8x8 does not assume any obligation to revise or update any forward-looking statements contained in this press release that become untrue because of subsequent events. SOURCE 8x8, Inc. Scott Dike of 8x8, Inc., +1-408-727-1885, or Scott.Dike@8x8.com 8x8.com nasdaq.com\200307111924CTXPRN38605647.htm