Friday, June 1, 2007
MTI Technology Gets Delisted
Irvine-based MTI Technology announced Thursday afternoon that the firm has received notification from the NASDAQ that the company's securities have been delisted, effective this morning. The firm said that the delisting was the result of the company's failure to meet minimum stockholders' equity for continued listing. MTI, which is focused on integration and resale of storage products, said that it will trade on the pink sheets.