SCO Group
Nasdaq will remove SCO Group from its listings on 27 September

Nasdaq poised to delist SCO Group

The meltdown continues

Matt Chapman

The Nasdaq stock exchange has told SCO Group that it will remove the company from its listings on 27 September, following its filing for bankruptcy protection.

The move means that trading in SCO shares will no longer be allowed after that time.

Advertisement

"As a result of [SCO]'s having filed for Chapter 11 protection ... the Nasdaq has determined that [SCO]'s securities will be delisted from the Nasdaq Stock Market and that trading in [SCO]'s common stock will be suspended," SCO said in an official statement.

SCO said that it would exercise its option to review the decision with Nasdaq before the delisting takes place, but that it could not guarantee a favourable outcome.

"The company intends to request a hearing to review the determination," the SCO statement said. "There can be no assurance that the panel will grant the company's request for continued listing."

The Nasdaq tried to delist SCO in April this year when the firm's stock fell below $1 for more than 30 days, but later abandoned the delisting procedure.

Shares in SCO fell dramatically following a ruling by a US federal judge that the company does not own the copyright to the Unix system.

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Related whitepapers

Related jobs

Most watched

V3.co.uk weekly debrief, 13 Nov 09

This week we discuss the inaugural V3.co.uk Summit

Summit: Salesforce.com on SaaS and information overload

How web services contribute to data headaches

Analysis and Reports

Remote access - Three steps to getting connected

3.4 million UK professionals now work from home – is your company equipped?

Cost benefits of a global collaboration network

This white paper is a must read for organisations looking for evidence of the bottom-line benefits of high-definition video and voice communications

Poll

Impact of Information Overload poll

Impact of Information Overload poll

What is the biggest problem your firm faces as a result of the data explosion?

View poll results

Advertisement

White paper library

Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Spotlight

V3.co.uk weekly debrief, 13 Nov 09

This week we discuss the inaugural V3.co.uk Summit

Fingers on keyboard

New Flash vulnerability discovered

Web sites could be vulnerable to Flash attacks

Chris Adams

Summit: Microsoft Office to the rescue

Chris Adams, Office Client product manager for Microsoft UK, explains...

Illegal downloader

Industry and human rights campaigners united in opposition to "three strikes" plan

Critics says government proposals to curb illegal downloading are unworkable...

Primary Navigation