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Majesco says it broke Nasdaq rule

23 March 2006 | The Hollywood Reporter | See recent The Hollywood Reporter news »

Majesco Entertainment, the maker of Shrek, Shrek 2 and Shark Tales video games for Nintendo's Game Boy Advance Video players, said Wednesday that it has failed to comply with a Nasdaq rule that could get its shares delisted. The rule requires listed companies to show a minimum of $2.5 million in stockholders' equity ($35 million in market value) of listed securities, or of net income from continuing operations, for two of the three latest fiscal years. Majesco shares Wednesday closed up 7.6% at $1.28 -- well down from their 52-week high of $11.94 -- and fell after-hours following the announcement. »

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2006 | 2004

1 item from 2006

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