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Apple Receives Nasdaq Delisting Notice

Authored by Mark Hefflinger on August 11, 2006 - 12:44pm.
Cupertino, Calif. - In the midst of its internal investigation into accounting irregularities related to stock option grants, Apple said on Friday that it has received a delisting notice from the Nasdaq for failing to file its quarterly report on time. The company said that it will request a hearing to keep its listing. Apple announced in late June that it discovered accounting errors related to the issuance of stock option grants between 1997-2001. The company said that it plans to file its quarterly report following the completion of an investigation by a special committee of its outside directors.

http://www.apple.com/pr/library/2006/aug/11stock.html 
tags: Apple | Investing | SEC | Nasdaq | Delistings |

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