Silicon Graphics to be delisted from NASDAQ – again

Silicon Graphics News

It looks like SGI have not been able to comply with the listing requirements since the last NASDAQ warning, and have now been issued with a notice that they will be delisted on the 12th March.

Silicon Graphics, Inc. (the “Company”) (NASDAQ: SGIC) announced today that it received a notification letter from The Nasdaq Stock Market on March 3, 2009, indicating that trading of the Company’s common stock will be suspended at the opening of business on March 12, 2009 due to a failure to comply with the market value of publicly held shares requirement for continued listing set forth in Marketplace Rule 4310(c)(3)(B). The Company has requested a hearing before a Nasdaq Listing Qualification Panel to review the Staff Determination. A hearing request will stay the suspension of the Company’s securities and the filing of the Form 25-NSE pending the Panel’s decision.

With many solid government contracts, and some significant large investors who clearly still see the value of R&D at Silicon Graphics, is now the time for the company to take itself private? Or is a merger with NVidia going to be on the cards?

Comments Off on Silicon Graphics to be delisted from NASDAQ – again