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SAVVIS Regains NASDAQ Compliance.
2005-07-28, HostMan.biz Web hosting and managed services provider SAVVIS (savvis.com) announced late on Wednesday that it had received a letter from the NASDAQ stock market indicating that it is in compliance with the Nasdaq SmallCap Market's $1.00 minimum bid price rule. With the compliance, SAVVIS's shares will continue to trade on the NASDAQ. Companies listed on the NASDAQ are required to maintain a listing price of at least $1.00. If a company trades below the mark for 30 consecutive days, it is notified by NASDAQ and given an 180 day grace period to regain compliance with the requirement. |
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