Friday, August 18, 2006
Memory chip technology and intellectual property licensor Rambus Inc. is the latest in a long string of companies to face the possibility of having its security delisted from the Nasdaq exchange for failing to file its most recent quarterly report in a timely manner.
Rambus, like numerous other companies who have made similar announcements in the past two weeks, has said it would delay filing the 10-Q report with the U.S. Securities and Exchange Commission (SEC) pending the outcome of an internal investigation into historical stock options granting practices.
Rambus (Los Altos, Calif.) said it was notified by Nasdaq that the company is not in compliance with the exchange's rule requiring companies to file quarterly reports with the SEC in a timely manner. Rambus said it plans to request a Nasdaq hearing on the matter.
By: DocMemory
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