San Francisco
- ZVUE (NASD: ZVUE), a maker of portable media players and operator of an online
entertainment network that includes eBaumsWorld.com and Putfile.com, said on Wednesday
that it has received notice from the Nasdaq that its shares are in danger of
being delisted from the exchange.
The company now has until Oct. 15 to boost
its share price above the $1 Nasdaq minimum requirement for a minimum of 10
consecutive business days; failing this, the company will have the opportunity to appeal any further action by the Nasdaq.
San Francisco-based ZVUE markets the $49 ZVUE media
player, which is sold at retailers including Wal-Mart, and operates a network
of entertainment sites.
The company reported a loss of $18.2 million in 2007 on
sales of $5.5 million.
Related Links:
http://snipurl.com/25hca
http://www.zvue.com
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