Mercury Interactive Corporation Granted Extension From Nasdaq
07 Octubre 2005 - 8:30AM
PR Newswire (US)
MOUNTAIN VIEW, Calif., Oct. 7 /PRNewswire-FirstCall/ -- Mercury
Interactive Corporation (NASDAQ:MERQE), the global leader in
business technology optimization (BTO), today announced that the
NASDAQ Listing Qualifications Panel, subject to certain conditions,
has granted the Company an extension of time until November 30,
2005 in which to file its Forms 10-Q for the periods ended June 30,
2005 and September 30, 2005, all required restated and other
financial statements for previous periods, and to otherwise meet
all necessary listing standards of the NASDAQ National Market.
However, there can be no assurance that the Company will be able to
make the required filings by November 30, 2005 or that NASDAQ will
grant any additional extension if necessary. During the extension
period, the Company's common stock will continue to be listed on
the NASDAQ National Market under the trading symbol: MERQE. About
Mercury Mercury Interactive Corporation, the global leader in
business technology optimization (BTO) software, is committed to
helping customers optimize the business value of information
technology. Founded in 1989, Mercury conducts business worldwide
and is one of the largest enterprise software companies today.
Mercury provides software and services for IT Governance,
Application Delivery, and Application Management. Customers
worldwide rely on Mercury offerings to govern the priorities,
processes and people of IT and test and manage the quality and
performance of business-critical applications. Mercury BTO
offerings are complemented by technologies and services from global
business partners. For more information, please visit
http://www.mercury.com/. Forward-Looking Statements The press
release contains "forward-looking statements" under the Private
Securities Litigation Reform Act of 1995 that involve risks and
uncertainties concerning Mercury's expected financial performance,
as well as Mercury's future business prospects and product and
service offerings. Mercury's actual results may differ materially
from the results predicted or from any other forward-looking
statements made by, or on behalf of, Mercury and reported results
should not be considered as an indication of future performance.
Potential risks and uncertainties include, among other things: 1)
the results of the Special Committee investigation, 2) expectations
as to the timing of the completion of the Special Committee
investigation, the Company's review, restatement and filing of its
historical financial statements and the filing of its Form 10-Q for
the second and third quarters of fiscal year 2005, 3) the impact
related to the expensing of stock options and stock purchases under
Mercury's employee stock purchase program under Financial
Accounting Standards Board's Statement 123 including, without
limitation, the impact of the restatement, 4) the possibility that
the trustee for the Notes or the holders of at least 25% of the
outstanding principal amount of the Notes may, following expiration
of a 60 day cure period, cause acceleration of repayment of the
entire principal amount and accrued interest on the Notes, 5) the
nature and scope of the ongoing SEC investigation, 6) the
possibility that the Company will not file its quarterly reports on
Form 10-Q for the periods ended June 30, 2005 and September 30,
2005 and all required restated and other financial statements for
previous periods and that the Nasdaq Listing Qualifications Panel
may not grant the Company's request for a further extension to
regain compliance with Nasdaq listing qualifications, in which case
the Company's common stock would be delisted from the Nasdaq
National Market, and 7) the additional risks and important factors
described in Mercury's SEC reports, including the Quarterly Report
on Form 10-Q for the fiscal quarter ended March 31, 2005, which is
available at the SEC's website at http://www.sec.gov/ . All of the
information in this press release is made as of October 7, 2005,
and Mercury undertakes no duty to update this information. NOTE:
Mercury, Mercury Interactive and the Mercury logo are trademarks of
Mercury Interactive Corporation and may be registered in certain
jurisdictions. Other product and company names are used herein for
identification purposes only, and may be trademarks of their
respective companies. DATASOURCE: Mercury Interactive Corporation
CONTACT: investors, Michelle Ahlmann, +1-650-603-5200, or media,
Dave Peterson, +1-650-603-5200, both of Mercury Interactive
Corporation Web site: http://www.mercury.com/
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