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PeoplePC faces delisting

PeoplePC, which works with corporations to provide computers as a fringe benefit to workers, faces delisting from the Nasdaq Stock Market because it cannot maintain the minimum share price of $1. However, the San Francisco company said it is requesting a hearing, which suspends the delisting until a Nasdaq panel reaches a decision. According to PeoplePC, Nasdaq informed the company on July 10 of the delisting.

PeoplePC, which works with corporations to provide computers as a fringe benefit to workers, faces delisting from the Nasdaq Stock Market because it cannot maintain the minimum share price of $1. However, the San Francisco company said it is requesting a hearing, which suspends the delisting until a Nasdaq panel reaches a decision. According to PeoplePC, Nasdaq informed the company on July 10 of the delisting.