Josh-Daniel S. Davis (joshdavis) wrote,
Josh-Daniel S. Davis

SCO / Caldera

SCO was served notice on Apr 23 by NASDAQ of noncompliance. Basically, they've been under $1.00/share for a month.

This means they have 180 days to shape up...

And if they don't, then they would be served a 180 day notice...

During that second notice period, they could move to the cash market for another 180 days grace period...

And at the end of that, they would be delisted from NASDAQ.

Now, this isn't bankruptcy. This just means they wouldn't be listedon NASDAQ. They could still be purchased in the OTC market, or through direct trades with a stockholder of record.

But it's a bad sign. Their revenue per share has dropped substantially over the last 4 years, and their share price has dropped substantially as well.
Tags: legal, linux, sco, stock
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