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Activision Receives Nasdaq Delisting Notice

Authored by Mark Hefflinger on November 16, 2006 - 3:08pm.
Santa Monica, Calif. - Video game publisher Activision announced that it has received a notice from the Nasdaq that it is in danger of being delisted from the exchange, due to its failure to file its quarterly report on time.

The company had anticipated the notice, having delayed its quarterly report while it investigates its historical stock option grant practices. Activision plans to request a hearing with the Nasdaq at which it will put forth a plan for making all required filings and regaining compliance with Nasdaq listing rules.

The company is one of more than 180 that have come under either internal or federal scrutiny over the practice of "backdating," where the dates on which employee stock options were granted are changed in order to increase their value for employees.

Related Links:
http://biz.yahoo.com/bw/061115/20061115006131.html?.v=1
http://www.activision.com 
tags: Games | Investing | Activision | Nasdaq | Stocks | Backdating | Delistings | Options |

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