SGI to be Delisted from NYSE
Silicon Graphics Inc., doyenne of the supercomputer world, will be delisted from the New York Stock Exchange next Monday.
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.
Source: News.com.
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