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.

Comments

Novell is still around

[spun]

They are still around. We use them here at the New Mexico Child, Youth and Family Development Department. It's actually one of the main reasons we managed to convince our management to go open source. Novell bought SuSE Linux, and we got 50 free SuSE Linux Enterprise Server licenses with full support. Now most of our back end stuff runs on SuSE. We still use Novell file and print servers, though.