Submission + - SCO to be delisted from Nasdaq
Frosty Piss writes: "SCO has six months to get its share price trading above $1 for a sustained period or it will be delisted from the Nasdaq stock exchange. SCO has been trading below $1 since March 13. It now has until October 22 to get above $1 for 10 consecutive days, according to a Securities and Exchange Commission filing. SCO's share price plunged below $1 in December 2006 after US District Judge Dale Kimball affirmed an earlier ruling limiting the SCO's claims against IBM to just 106 items of evidence. Just days later Novell filed a request for a partial summary judgment that could cripple SCO's already diminished breach of contract and copyright case against IBM. The company has avoided delisting once before, but perhaps SCO's days are numbered."