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Novell, Dell Face Delisting From NASDAQ
narramissic writes to tell us that Novell has confirmed receiving a delisting notice from the NASDAQ stock exchange, after the software company delayed filing its most recent quarterly report to the U.S. Securities and Exchange Commission. Dell is in the same position. Both companies, and others including Apple, are grappling with investigations of the way they issued stock options and — in Dell's case — other accounting irregularities. Both companies are appealing the delisting, which means they won't vanish from the stock exchange anytime soon. NASDAQ rules require listed companies to announce the receipt of a delisting notice.
Are they still around? I haven't seen a Novell server in 7 years.
That's right, Micro-let's reorg every 24 months-soft. It's always been fishy how they've been able to have many of their business divisions losing money quarter after quarter and year after year and then the deck is shuffled and it goes on for another few years. They reOrg as often as they send out patches for their operating system and software.
Something just smells wrong here. And yes, they do make a better target when they are that big and that wealthy. Hey, just look at how they 'tell the truth' in front of judges and in the press. If THAT is not a sign saying there is also likely to be some fancy accounting practices going on, I don't know what is.
I already de-listed them from my personal give-a-sh*t list.
but this sounds even more impactive. ouch!