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Short Take: Nasdaq gives StreamLogic the boot

StreamLogic received notification from the Nasdaq Stock Market that it may no longer meet the requirements for continued inclusion. This follows the company's announcement last week that it may file for bankruptcy due to expected losses of $20.8 million for its fourth quarter and $16.1 million for year's end. The stock fell 50 percent to 1/16 on June 24.

StreamLogic received notification from the Nasdaq Stock Market that it may no longer meet the requirements for continued inclusion. This follows the company's announcement last week that it may file for bankruptcy due to expected losses of $20.8 million for its fourth quarter and $16.1 million for year's end. The stock fell 50 percent to 1/16 on June 24.