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Former Netpliance sidesteps delisting

TippingPoint Technologies, the Internet appliance maker formerly known as Netpliance until recently, said it now meets the requirements for continued listing on the Nasdaq after completing a 1-for-15 reverse stock split. In June, Nasdaq granted the Austin, Texas-based company an exception to the $1 minimum bid price requirement while it completed the stock split. TippingPoint said it has closed above the minimum price each day since the reverse split, which went into effect Aug. 20.

TippingPoint Technologies, the Internet appliance maker formerly known as Netpliance until recently, said it now meets the requirements for continued listing on the Nasdaq after completing a 1-for-15 reverse stock split. In June, Nasdaq granted the Austin, Texas-based company an exception to the $1 minimum bid price requirement while it completed the stock split.

TippingPoint said it has closed above the minimum price each day since the reverse split, which went into effect Aug. 20.