English
Nasdaq Board of Directors Grants Stay to Rambus
Securities to Remain Listed on Global Select Market
LOS ALTOS, Calif.-- July 13, 2007 --Rambus Inc. announced that it received a letter today from the Board of Directors of the Nasdaq Stock Market (the “Nasdaq Board”) informing the Company that the Nasdaq Board has called the May 25, 2007 decision of the Nasdaq Listing and Hearing Review Council (the “Listing Council”) for review. In its decision, the Listing Council had determined to suspend the Company’s securities from trading on July 20, 2007, if the Company did not file its delinquent quarterly and annual reports with the Securities and Exchange Commission by July 18, 2007. The Nasdaq Board has determined to stay the decision to suspend the Company’s securities from trading, pending further consideration from the Nasdaq Board. The Company’s securities will remain listed on the Nasdaq Global Select Market during the review by the Nasdaq Board.
Rambus intends to file its delinquent quarterly and annual reports as soon as practicable following the completion of its restatement. There can be no assurance that the Nasdaq Board review will be favorable to the Company.
About Rambus Inc.
Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed chip architectures. Additional information is available at www.rambus.com.
LOS ALTOS, Calif.-- July 13, 2007 --Rambus Inc. announced that it received a letter today from the Board of Directors of the Nasdaq Stock Market (the “Nasdaq Board”) informing the Company that the Nasdaq Board has called the May 25, 2007 decision of the Nasdaq Listing and Hearing Review Council (the “Listing Council”) for review. In its decision, the Listing Council had determined to suspend the Company’s securities from trading on July 20, 2007, if the Company did not file its delinquent quarterly and annual reports with the Securities and Exchange Commission by July 18, 2007. The Nasdaq Board has determined to stay the decision to suspend the Company’s securities from trading, pending further consideration from the Nasdaq Board. The Company’s securities will remain listed on the Nasdaq Global Select Market during the review by the Nasdaq Board.
Rambus intends to file its delinquent quarterly and annual reports as soon as practicable following the completion of its restatement. There can be no assurance that the Nasdaq Board review will be favorable to the Company.
About Rambus Inc.
Rambus is one of the world's premier technology licensing companies specializing in the invention and design of high-speed chip architectures. Additional information is available at www.rambus.com.
|
||||||
Related News
Breaking News
- Logic Design Solutions launches Gen4 NVMe host IP
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
- M31 is partnering with Taiwan Cooperative Bank to launch an Employee Stock Ownership Trust to strengthen talent retention
- Sondrel announces CEO transition to lead next phase of growth
- JEDEC Publishes LPDDR5 CAMM2 Connector Performance Standard
Most Popular
- Arm's power play will backfire
- Alphawave Semi Selected for AI Innovation Research Grant from UK Government's Advanced Research + Invention Agency
- Secure-IC obtains the first worldwide CAVP Certification of Post-Quantum Cryptography algorithms, tested by SERMA Safety & Security
- Weebit Nano continuing to make progress with potential customers and qualifying its technology Moving closer to finalisation of licensing agreements Q1 FY25 Quarterly Activities Report
- PUFsecurity Collaborate with Arm on PSA Certified RoT Component Level 3 Certification for its Crypto Coprocessor to Provide Robust Security Subsystem Essential for the AIoT era
|
E-mail This Article | 
|
|
Printer-Friendly Page |