ISSI Receives Notice From NASDAQ Due to Late Filing of Form 10-Q; Company to Request Hearing
August 18 2006 - 5:15PM
PR Newswire (US)
SANTA CLARA, Calif., Aug. 18 /PRNewswire-FirstCall/ -- Integrated
Silicon Solution, Inc. (NASDAQ:ISSI) today announced that due to
the delay in the filing of its Form 10-Q for the period ended June
30, 2006, it has received a letter from the NASDAQ Stock Market
indicating that the Company's common stock is subject to delisting
pursuant to NASDAQ Marketplace Rule 4310(c)(14). NASDAQ Marketplace
Rule 4310(c)(14) requires the Company to make on a timely basis all
filings with the Securities and Exchange Commission, as required by
the Securities Exchange Act of 1934, as amended. This notice by
itself does not mean the Company's stock will be delisted. ISSI had
previously announced that the filing of its Form 10-Q for the third
fiscal quarter ended June 30, 2006 would be delayed pending a
review of its historical practices in granting stock options. The
Company plans to file its Form 10-Q as soon as possible after the
review is completed. ISSI plans to appeal the NASDAQ Staff's
determination by requesting a hearing before the NASDAQ Listing
Qualifications Panel, which will automatically stay the delisting
of ISSI common stock pending the Panel's review and determination.
Until the Panel issues a determination and the expiration of any
exception granted by the Panel, ISSI's common stock will continue
to be traded on the NASDAQ National Market. There can be no
assurance that the Panel will grant the Company's request for
continued listing. About the Company ISSI is a fabless
semiconductor company that designs and markets high performance
integrated circuits for the following key markets: (i) digital
consumer electronics, (ii) networking, (iii) mobile communications
and (iv) automotive electronics. The Company's primary products are
high speed and low power SRAM and low and medium density DRAM. The
Company also designs and markets EEPROM, SmartCards and is
developing selected non-memory products focused on its key markets.
ISSI is headquartered in Silicon Valley with worldwide offices in
China, Europe, Hong Kong, India, Korea and Taiwan. Visit our web
site at http://www.issi.com/. DATASOURCE: Integrated Silicon
Solution, Inc. CONTACT: Investor Relations, Scott Howarth,
Vice-President & CFO, +1-408-969-4686, or Web site:
http://www.issi.com/
Copyright
(MM) (NASDAQ:ISSI)
Historical Stock Chart
From Jun 2024 to Jul 2024
(MM) (NASDAQ:ISSI)
Historical Stock Chart
From Jul 2023 to Jul 2024