ZVUE Receives Delisting Warning from Nasdaq

Authored by Mark Hefflinger on April 23, 2008 - 7:21am.

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

tags: Video | Delistings | ZVUE |


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