Silicon Graphics To Be Delisted From NYSE

Dan Linder writes "Starting Monday, November 7th, Silicon Graphics will be delisted from the NYSE. The future of the graphics and supercomputing former-heavyweight has never been less certain. This is especially unfortunate given their ongoing commitment to Linux and other open-source projects." From the article: "The company's stock, which once traded at $50 per share, fell below NYSE's minimum standard for continued listing earlier this year. The move comes as little surprise. The company received a warning from the NYSE in May, when its share price dropped below the $1 barrier. Although it had dipped into sub-$1 territory in late 2001 and again in late 2002, the price on both occasions recovered within a month or two. "

Comments

reverse split

[Johnny Mnemonic]

I expected SGI to do a reverse split and bring their stock back above the $1 mark. To save me the googling, can someone explain why a company would rather be de-listed than reverse split?

Also, I have some friends that work there. How many companies recoup after a de-listing? I would guess not many.