ISSI Announces Nasdaq Listing and Hearing Review Council's Decision to Call ISSI Matter for Review and to Stay Delisting of ISSI
January 26 2007 - 4:20PM
PR Newswire (US)
SANTA CLARA, Calif., Jan 26 /PRNewswire-FirstCall/ -- Integrated
Silicon Solution, Inc. (NASDAQ:ISSI) today reported that the Nasdaq
Listing and Hearing Review Council ("Listing Council") notified the
Company that, pursuant to its discretionary authority, the Listing
Council has called for review the December 7, 2006 decision of the
Nasdaq Listing Qualifications Panel ("Panel") and stayed any
determinations to suspend the Company's securities from trading
pending further action by the Listing Council. As ISSI reported
previously, on December 7, 2006, the Panel notified the Company
that it will remain listed on Nasdaq subject to the filing by
February 13, 2007 of all required restatements and delinquent
periodic reports, communication with the Panel about the results of
the independent committee's investigation, and compliance with all
other requirements for continued listing on the Nasdaq Stock
Market. The Company may now submit additional information to the
Listing Council by March 2, 2007. The Listing Council will review
the Panel's decision on the written record. There can be no
assurance that the Listing Council will determine that the Company
should remain listed on Nasdaq. 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: Scott Howarth, Vice-President & CFO,
Investor Relations of ISSI, +1-408-969-4686, or Web site:
http://www.issi.com/
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