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AAPL Stock: 98.38 ( -0.64 )

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Nasdaq unlikely to delist Apple

updated 05:40 pm EDT, Mon August 21, 2006

Nasdaq, Apple listing

Despite Nasdaq's warning of delisting as a result of late quarterly earnings reports, Apple and more than a dozen other companies won't likely see removal from the ticker tape. Delisted stocks trade on the OTC Bulletin Board or have their prices quoted on unregulated "Pink Sheets," are far less liquid, and frequently see higher asking prices with lower selling prices, according to the Associated Press. Experts say larger companies are unlikely to be delisted, however. "The perception is that if you're big enough, like so many things, you are more or less in the driver's seat," said Maureen O'Hara, a professor of management at Cornell University's business school. Fannie Mae, which finances one of every five home loans in the United States, has failed to comply with New York Stock Exchange listing standards since 2004, and has yet to be delisted.




by MacNN Staff

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  1. LouZer

    Joined: Dec 1969

    0

    Shocking!

    Gee, since it takes forever to get delisted, not to mention going through 18000 hoops, not to mention this happens all the time and rarely does a company get delisted, this is really not 'news', just par for the course.

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