Live: Pixel Event Pixel Watch Fire TV vs. Frame TV Hellraiser Review Audible Deal Prime Day Pizza Deals Best Sheets
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Netpliance faces delisting

Netpliance, the one-time maker of the I-opener Web-surfing appliance, has received notice from the Nasdaq that the company has failed to meet the stock market's requirements to remain listed. The Austin, Texas-based company has asked for a hearing on the matter. Netpliance shares have been trading below $1 since late last year. Its shares closed Thursday at 42 cents. The company said in a statement it believes "that the recent change in its business focus and its relatively strong financial condition, among other things, will lead to a recovery in the price of the company's common stock." However, Netpliance said it can give no assurances of such a rebound. Chief Financial Officer Kit Webster said Thursday in an interview that the company has not ruled out other options such as a reverse split.

Netpliance, the one-time maker of the I-opener Web-surfing appliance, has received notice from the Nasdaq that the company has failed to meet the stock market's requirements to remain listed. The Austin, Texas-based company has asked for a hearing on the matter. Netpliance shares have been trading below $1 since late last year. Its shares closed Thursday at 42 cents.

The company said in a statement it believes "that the recent change in its business focus and its relatively strong financial condition, among other things, will lead to a recovery in the price of the company's common stock." However, Netpliance said it can give no assurances of such a rebound. Chief Financial Officer Kit Webster said Thursday in an interview that the company has not ruled out other options such as a reverse split.