NASDAQ Panel Grants Cirrus Logic Request for Continued Listing
January 31 2007 - 12:00PM
Business Wire
Cirrus Logic Inc. (Nasdaq: CRUS) today announced that it received
written notification on Jan. 26, 2007, from the staff of the Nasdaq
Stock Market stating that the Nasdaq Listing Qualifications Panel
has granted the company�s request for continued listing on The
Nasdaq Global Select Market. Cirrus Logic�s continued listing is
subject to the conditions�that the company�provides Nasdaq with
certain information regarding the results of the previously
announced investigation by a special committee of the company's
board of directors on or about March 1, 2007, and�files�any
delinquent periodic�reports, and any required restatements,
by�April 18, 2007. As previously announced on Nov. 15, 2006, Nasdaq
determined that the company is not in compliance with the continued
listing requirements of Nasdaq Marketplace Rule 4310(c)(14) because
it has not filed its Quarterly Report on Form 10-Q for the quarter
ended Sept. 23, 2006. Cirrus Logic, Inc. Cirrus Logic develops
high-precision, analog and mixed-signal integrated circuits 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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