Friday, April 8, 2005

Superconductor Technologies Gets NASDAQ Warning

Santa Barbara-based Superconductor Technologies said yesterday that it has received a letter from the NASDAQ stock market warning that the company's stock has closed below $1.00 per share, the minimum required for NASD listing. The company said that it has six months to a year to bring its share price back up to compliance, before it will be dropped to the NASDAQ SmallCap Market. SuperConductor Technologies develops products for wireless networks, based on high-temperature superconductor technology.