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Hybrid Networks on the ropes at Nasdaq

Hybrid Networks, a fixed broadband wireless equipment maker, said it has received written notice from the Nasdaq National Market that the company may be delisted from the technology-laden stock exchange for failing to meet certain minimum market value requirements. The Nasdaq also denied Hybrid's proposed bid to transfer to the Nasdaq SmallCap Market. Hybrid, based in San Jose, Calif., said it would seek a hearing before a delisting panel. Sprint and WorldCom are among Hybrid's customers.

    Hybrid Networks, a fixed broadband wireless equipment maker, said it has received written notice from the Nasdaq National Market that the company may be delisted from the technology-laden stock exchange for failing to meet certain minimum market value requirements. The Nasdaq also denied Hybrid's proposed bid to transfer to the Nasdaq SmallCap Market. Hybrid, based in San Jose, Calif., said it would seek a hearing before a delisting panel. Sprint and WorldCom are among Hybrid's customers.