Com21 de-listed by Nasdaq

[Dave Farber <dave () farber net>]

------ Forwarded Message
From: Dewayne Hendricks <dewayne () warpspeed com>
Reply-To: dewayne () warpspeed com
Date: Wed, 26 Feb 2003 09:17:55 -0800
To: Dewayne-Net Technology List <dewayne-net () warpspeed com>
Subject: [Dewayne-Net] Com21 de-listed by Nasdaq

[Note:  This item comes from reader Steve Schear.  There are a number
of us on this list to which this announcement has a certainly amount
of interest.  I worked there for about two years and am still a
shareholder.  DLH]

At 9:10 -0800 2/26/03, Steve Schear wrote:
> From: Steve Schear <schear () attbi com>
> To: "Dewayne-Net Technology List" <dewayne-net () warpspeed com>
> Subject: Com21 de-listed by Nasdaq
> Date: Wed, 26 Feb 2003 09:10:37 -0800
> MIME-Version: 1.0
>
> Com21, Inc. (ticker: CMTO, exchange: NASDAQ) News Release - February 20, 2003
>
>
> -------------------------------------------------------------------------------
-
> Com21, Inc. Shares to Trade on OTCBB Exchange Following Delisting by NASDAQ
>
> MILPITAS, Calif., Feb 20, 2003 /PRNewswire-FirstCall via COMTEX/ --
> Com21, Inc. (Nasdaq: CMTO), a leading global provider of system
> solutions for the broadband access market, announced today, as
> required by the Securities and Exchange Commission, that it has
> received notice of a determination from a Nasdaq Listing
> Qualifications Panel, that its common stock will be delisted from
> the Nasdaq Small Cap Market. The determination was made pursuant to
> a hearing held on January 23, 2003, and will become effective as of
> the open of business on February 21, 2003. The Company, as noted by
> the Panel, does not comply with the shareholders' equity/market
> value of listed securities/net income and bid price requirements, as
> set forth in Nasdaq Marketplace Rules 4310(c)(2) and 4310(c)(4).
>
> On December 11, 2002, Com21 received a Nasdaq Staff Determination
> that it failed to comply with the minimum bid price requirement of
> $1.00 per share and $2.5 million minimum stockholders equity
> requirements. On December 17, 2002, Com21 requested a hearing that
> effectively stayed the delisting; however, the Company could not
> regain compliance with the applicable Nasdaq requirements within the
> time period prescribed by Nasdaq.
>
> The Company anticipates that its common shares will be immediately
> eligible for quotation on the Over The Counter Bulletin Board
> (OTCBB), under the same symbol, effective with the open of business
> on February 21, 2003. Investors will continue to have access to
> quotes, press releases and other information from the Nasdaq.com
> Internet site or at www.otcbb.com.
>
> SOURCE:
> Com21, Inc.
>
>
> CONTACT:
> Ralph Marimon of Com21, +1-408-953-9100 or Rmarimon () com21 com; or
> Scot Howard of Blueline PR, +1-408-910-9195 or
> showard () bluelinepr com, for Com21
>
> URL:
> http://www.com21.com

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