Airspan Delists From Nasdaq; Deregisters From SEC Rules - Eric Savitz (Barron's)

Sign Up | Log In | What is SocialPicks?

Airspan Delists From Nasdaq; Deregisters From SEC Rules
Apr 01, 2009 06:08 PM UTC

Eric Savitz (Barron's)

Percentile Score: N/A

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
AIRN	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Well, you can now officially stop paying attention to Airspan Networks (AIRN).

The WiFi equipment provider late yesterday said it will voluntarily de-list its shares from Nasdaq, and also de-register the stock from SEC compliance with filing requirements. The stock is moving to the pink sheets. Why is the coming basically going into hiding? Because the costs of staying a reporting company with a Nasdaq listing are simply too high for a floundering company with a tiny market cap.

So long, Airspan.

AIRN today is off 10.2 cents, or 54%, to 8.55 cents.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.