The move means that trading in SCO shares will no longer be allowed after
that time.
"As a result of [SCO]'s having filed for Chapter 11 protection ... the Nasdaq
has determined that [SCO]'s securities will be delisted from the Nasdaq Stock
Market and that trading in [SCO]'s common stock will be suspended," SCO said in
an official statement.
SCO said that it would exercise its option to review the decision with Nasdaq
before the delisting takes place, but that it could not guarantee a favourable
outcome.
"The company intends to request a hearing to review the determination," the
SCO statement said. "There can be no assurance that the panel will grant the
company's request for continued listing."
The Nasdaq tried to
delist SCO in April this year when the firm's stock fell below $1 for more
than 30 days, but later abandoned the delisting procedure.
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Venture into open source approval proves an ethical minefield 21 Aug 2007
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