Last Friday the NASDAQ stated that it wouldn't delist Apple Computer, Inc. (NASDAQ: AAPL), pending a timely 10Q filing within the next two months. A number of observers had worried that Apple would be delisted as a result of the backdated stock options scandal. Being delisted would have had a deeply negative effect on the stock, even despite the great string of news the companies has had of late related to sales.
No doubt Apple's success of late lead to the NASDAQ's unwillingness to delist. Apple is a bit of a star company. It's much easier to kick a company once it is down, but while there is still some shine the NASDAQ will keep a wait and see attitude going on.
Apple ended the day up a single penny or 0.01%, to finish at $80.42.
Tobias Buckell is an author, freelancer, and professional blogger. He does not currently own Apple stock.
Apple avoids NASDAQ delisting
Posted Oct 30th 2006 5:36PM by Tobias Buckell
Filed under: After the bell, Good news, Apple Inc (AAPL), Scandals
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Reader Comments (Page 1 of 1)
10-31-2006 @ 12:18PM
Dianne Olivo said...
You seem to have the best handle on the inside thinking at Apple Computer,historically the stock has split at these levels..although I do not believe it has ever gone over 84.00/share. Two or three for one in the future?
11-16-2006 @ 8:36AM
Robert Atkinson said...
I don't see Apple being delisted soon. They have had much success recently. Sales have gone up and apple is very much back in the game. What with iPOD alone, they take the lead in that one. Not even Microsoft's Zune can take the throne from Apple's iPOd. It will be along time before something new comes up that will outshine Apple.