Friday, February 1, 2008
Conexant Faces Delisting
Newport Beach-based semiconductor manufacturer Conexant Systems reported Friday that it has received a letter from the Nasdaq Stock Market, notifying that the firm's stock price fell below the minumum $1.00 per share required by the exchange. According to Conexant, it has 180 calendar days to regain compliance with the rule. Conexant said it intends to take action required to regain compliance, but did not details exacts steps it would take.