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Emachines' delisting stayed

Emachines has requested a hearing to appeal the Nasdaq's decision to delist the company, the discount-computer seller said late Thursday. In December, the company received a letter from the Nasdaq warning that it faced delisting if it didn't get its stock price above $10 for 10 consecutive days by March 20. That has not happened. The stock closed Thursday at 25 cents. Irvine, Calif.-based Emachines received another letter March 21 advising it of the Nasdaq's decision to delist the company. Emachines said that it has requested an appeal of the delisting before the Nasdaq Listing Qualifications Panel and that its stock will continue to trade on the Nasdaq pending the outcome of the appeal. A hearing date has not been set, the company said.

Natalie Weinstein Former Senior Editor / News
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Natalie Weinstein
Emachines has requested a hearing to appeal the Nasdaq's decision to delist the company, the discount-computer seller said late Thursday. In December, the company received a letter from the Nasdaq warning that it faced delisting if it didn't get its stock price above $10 for 10 consecutive days by March 20. That has not happened. The stock closed Thursday at 25 cents.

Irvine, Calif.-based Emachines received another letter March 21 advising it of the Nasdaq's decision to delist the company. Emachines said that it has requested an appeal of the delisting before the Nasdaq Listing Qualifications Panel and that its stock will continue to trade on the Nasdaq pending the outcome of the appeal. A hearing date has not been set, the company said.