NETPLIANCE INC., whose president and co-founder recently resigned, on
Thursday said it received notice from the Nasdaq that its stock may
be delisted from the National Market. The company, which in early
February said it was cutting 54 percent of its remaining work force,
or 76 jobs, said the Nasdaq notice stated that its common stock
fails to comply with minimum bid price requirements. Netpliance said
it has requested a hearing before a Nasdaq panel to review the
determination that its stock no longer meets listing requirements.
It added that it believes its stock price will recover, but noted
that there can be no assurance that it will not be delisted from the
Nasdaq National Market. (Reuters 05:43 PM ET 04/19/2001)
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