Apple shares to continue trading on Nasdaq | iLounge News

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Apple shares to continue trading on Nasdaq

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By LC Angell

Contributing Editor
Published: Friday, October 27, 2006
News Categories: Apple

The Nasdaq stock exchange will not de-list Apple, as long as the company files its overdue 10Q quarterly report within two months, according to a filing with the SEC. “On October 24, 2006, Apple received a written notification from the staff of The Nasdaq Stock Market stating that the Nasdaq Listing Qualifications Panel has granted the Company’s request for continued listing on The Nasdaq Stock Market, subject to the condition that the Company shall file its Form 10-Q for the quarter ended July 1, 2006, and any required restatements, by December 29, 2006,” Apple said in a filing today. “If the company is unable to file the Form 10-Q by that date, it intends to seek an additional extension of time from the Nasdaq Listing Qualifications Panel.” Apple delayed filing its quarterly report as it evaluates how much it will need to restate earnings as a result of stock options dating irregularities.

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