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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (1527)	5/1/1998 6:29:00 PM
From: Link Lady	Respond to of 4231

Is Softquad one of the ones to be delisted from Nasdaq? canoe.com Legacy is in danger and to avoid is going for a stock reduction (OUCH). Maybe it'll work maybe not. They have till May 28 to trade for 10 days at $1.00 level. Here is the article from above link: NEW YORK (Reuters) - Hundreds of companies could be delisted from the Nasdaq stock market in the coming weeks since tougher listing standards have gone into effect. Nasdaq said it sent letters to 443 companies on Feb. 23 notifying them that they had failed to meet the new listing standards. Nasdaq said 29 companies voluntarily delisted, moving either to bulletin board trading or to the American Stock Exchange. The remaining more than 400 companies are going through the hearing and review process, it said. The hearings could be completed by the middle of June, Nasdaq said. "We periodically review our listing standards to make sure we're in sync with the market," said Nasdaq spokesman Reid Walker. "We want to ensure there are quality companies associated with Nasdaq." The new rules, approved by the U.S. Securities and Exchange Commission in August 1997, raised financial listing standards by 50 percent on both the Nasdaq National Market and the Nasdaq SmallCap market. The changes also require Nasdaq SmallCap listed companies to adhere to the same rules for corporate governance that previously applied only to the larger National Market. Under the new rules, all Nasdaq-listed companies must trade for at least $1 a share. Of the 29 companies, those delisted from the Nasdaq National Market included NSA International Inc. and Helisys Inc. They now trade on the bulletin board. Some companies moved from the National Market to the SmallCap market, such as Manatron Inc. and Smithfield Cos. Inc. , while others left the SmallCap for the bulletin board. Two companies moved to the American Stock Exchange -- Teletouch Communications Inc. and Spinnaker Industries Inc. Previously, listing requirements for the Amex and for Nasdaq's SmallCap market were comparable, with tougher standards for Nasdaq's National Market. But the changes make it generally harder to list on both Nasdaq markets now than on the Amex.