Aviza Technology Receives Delisting Notice from NASDAQ; Intends to Appeal
26 Septiembre 2008 - 3:05PM
Business Wire
Aviza Technology, Inc. (NASDAQ:AVZA), a supplier of advanced
semiconductor capital equipment and process technologies for the
global semiconductor industry and related markets, today announced
that on September 22, 2008 its application to transfer the listing
of its securities to The NASDAQ Capital Market had been denied and
that it received a Staff Determination Letter from NASDAQ on
September 24, 2008 notifying the Company that its securities are
subject to delisting from The NASDAQ Global Market. As previously
announced, on April 3, 2008, NASDAQ notified the Company that the
bid price of the Company's common stock had closed below the
minimum $1.00 per share requirement for continued inclusion under
Marketplace Rule 4450(a)(5). In accordance with Marketplace Rule
4450(a)(5), the Company was provided 180 calendar days, through
September 24, 2008, to regain compliance with that requirement. The
Staff Determination Letter stated that the Company has not regained
compliance within the given grace period and, as a result, unless
the Company requests an appeal of the Staff Determination, trading
of the Company�s common stock will be suspended effective on the
opening of business on October 3, 2008, and a Form 25-NSE will be
filed with the Securities and Exchange Commission to remove the
Company�s securities from listing and registration on NASDAQ. The
Company intends to appeal the Staff Determination to a NASDAQ
Listing Qualification Panel (the �Panel�). A hearing request will
stay the suspension of the Company�s securities and the filing of
the Form 25-NSE pending the Panel�s decision. About Aviza
Technology, Inc. Aviza Technology, Inc. designs, manufactures,
sells and supports advanced semiconductor capital equipment and
process technologies for the global semiconductor industry and
related markets. The Company�s systems are used in a variety of
segments of the semiconductor market, such as advanced silicon for
memory devices, advanced 3-D packaging and power integrated
circuits for communications. Aviza�s common stock is publicly
traded on the NASDAQ Global Market (NASDAQ GM: AVZA). Aviza is
headquartered in Scotts Valley, Calif., with manufacturing,
R&D, sales and customer support facilities located in the
United Kingdom, Germany, France, Taiwan, China, Japan, Korea,
Singapore and Malaysia. Additional information about the Company
can be found at http://www.aviza.com.
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