SCO Receives Nasdaq Clearance Letter
12 Giugno 2007 - 3:00PM
PR Newswire (US)
LINDON, Utah, June 12 /PRNewswire-FirstCall/ -- The SCO Group, Inc.
("SCO") (NASDAQ:SCOX), a leading provider of UNIX(R) software
technology and mobile services, today announced it has received a
letter on June 11, 2007 from The Nasdaq Stock Market ("Nasdaq")
indicating that the Company has regained compliance with Nasdaq
Marketplace Rule 4210(c)(4), which contains the $1.00 minimum bid
price per share requirement for continued listing on Nasdaq.
Previously, on April 23, 2007, the Company received a deficiency
letter from Nasdaq indicating that the Company had failed to comply
with the minimum bid price requirement of $1.00 over the previous
30 consecutive business days as required by the Marketplace Rules.
During the subsequent compliance period provided under the
Marketplace Rules, the closing bid price of the Company's common
stock was at $1.00 per share or greater for at least 10 consecutive
business days. Accordingly, the Nasdaq Staff has informed the
Company that it has regained compliance with Marketplace Rule
4210(c)(4). About SCO The SCO Group (NASDAQ:SCOX) is a leading
provider of UNIX software technology and mobile services, offering
SCO OpenServer for small-to-medium business, UnixWare for
enterprise applications, and Me Inc. for mobile services. SCO's
highly innovative and reliable solutions help millions of customers
grow their businesses everyday, from SCO OpenServer on main street
to UnixWare on Wall Street, and beyond. SCO owns the core UNIX
operating system, originally developed by AT&T/Bell Labs and is
the exclusive licensor to Unix-based system software providers.
Headquartered in Lindon, Utah, SCO has a worldwide network of
thousands of resellers and developers. SCO Global Services provides
reliable localized support and services to partners and customers.
For more information on SCO products and services, visit
http://www.sco.com/. SCO, SCO OpenServer, Me Inc. and the
associated SCO logo are trademarks or registered trademarks of The
SCO Group, Inc. in the U.S. and other countries. UNIX and UnixWare
are registered trademarks of The Open Group. DATASOURCE: The SCO
Group, Inc. CONTACT: Craig Bushman of The SCO Group, Inc.,
+1-801-932-5402, Web site: http://www.sco.com/
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