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Vitesse dropped from Nasdaq.


Vitesse Vitesse is a Dutch football club from Arnhem, which was founded on May 14, 1892. The idea of conceiving a football team stemmed from the club's early roots as a cricket club.  Semiconductor Corp. dropped off the Nasdaq National Market on June June: see month.  28 for failure to meet the stock exchange's 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.
.

The Camarillo-based chip maker is under investigation by federal prosecutors in the State of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and by the Securities and Exchange Commission over the times of its stock option grants. Vitesse failed to meet a May 10 deadline to file financial statements for the quarter ending March 31 due to an ongoing investigation by a special committee of its board of directors.

Vitesse said in a statement it was committed to complying with all Nasdaq listing requirements and obtaining a relisting. Vitesse said its common stock would trade on the Pink Sheets, and has been informed that certain market makers will continue to make a market in Vitesse stock. Shares listed at $1.45 on Wednesday.
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Publication:Los Angeles Business Journal
Article Type:Brief article
Geographic Code:1USA
Date:Jul 3, 2006
Words:138
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