toggle

AAPL Stock: 111.78 ( -0.87 )

Printed from http://www.macnn.com

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

POST TOOLS:

TAGS :

toggle

Comments

  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.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lackin ...

toggle

Most Commented