NASDAQ notified Media 100 Inc., a manufacturer of nonlinear editing and
postproduction systems, that it has 90 days to get its stock to $1 per share
to remain listed on the exchange.
As of Friday, the company's stock was at 50 cents per share (its 52-week high
was $3.75 with a low of 35 cents). The company can also apply for transfer to
the NASDAQ SmallCap Market, which would give it until Sept. 29, 2003, to
demonstrate compliance provided that it meets additional NASDAQ criteria for the
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.