Cirrus Logic Receives Additional Nasdaq Staff Determination.AUSTIN, Texas -- Cirrus Logic (company) Cirrus Logic - A manufacturer of integrated circuits including the Advanced RISC Machine and display interface processors and cards for use as Windows accelerators (requiring dedicated driver software). http://cirrus.com/. Inc. (Nasdaq:CRUS crus (krus) pl. cru´ra [L.] 1. leg (1). 2. a leglike part. crus ce´rebri ) today announced that it received, as expected, an additional Nasdaq Staff Determination letter stating that the company is not in compliance with the continued listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. of Nasdaq Marketplace Rule 4310(c)(14) because it has not timely filed with the Securities and Exchange Commission (the "SEC") its Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the quarter ended Dec. 30, 2006. As previously announced, the Nasdaq Listing Qualifications Panel has granted the company an extension to file any delinquent periodic reports, and any required restatements, by April 18, 2007, allowing shares of the company's common stock to continue to be listed on the Nasdaq Global Select Market. Cirrus Logic, Inc. Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits A mixed-signal integrated circuit combines analog circuits with digital signal processing (DSP) circuits on a single semiconductor die. An integrated circuit that includes both analog and digital circuitry (but no DSP), like a 555 timer, is generally not considered a mixed-signal for a broad range of consumer and industrial markets. Building on its diverse analog mixed-signal patent portfolio, Cirrus Logic delivers highly optimized products for consumer and commercial audio, automotive entertainment and industrial applications. The company operates from headquarters in Austin, Texas, with offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com. Cirrus Logic and Cirrus are trademarks of Cirrus Logic Inc. |
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