[IP] Com21 de-listed by Nasdaq

[Dave Farber <dave@farber.net>]

------ Forwarded Message
From: Dewayne Hendricks <dewayne@warpspeed.com>
Reply-To: dewayne@warpspeed.com
Date: Wed, 26 Feb 2003 09:17:55 -0800
To: Dewayne-Net Technology List <dewayne-net@warpspeed.com>
Subject: [Dewayne-Net] Com21 de-listed by Nasdaq

[Note:  This item comes from reader Steve Schear.  There are a number
of us on this list to which this announcement has a certainly amount
of interest.  I worked there for about two years and am still a
shareholder.  DLH]

At 9:10 -0800 2/26/03, Steve Schear wrote:
>From: Steve Schear <schear@attbi.com>
>To: "Dewayne-Net Technology List" <dewayne-net@warpspeed.com>
>Subject: Com21 de-listed by Nasdaq
>Date: Wed, 26 Feb 2003 09:10:37 -0800
>MIME-Version: 1.0
>
>Com21, Inc. (ticker: CMTO, exchange: NASDAQ) News Release - February 20, 2003
>
>
>-------------------------------------------------------------------------------
-
>Com21, Inc. Shares to Trade on OTCBB Exchange Following Delisting by NASDAQ
>
>MILPITAS, Calif., Feb 20, 2003 /PRNewswire-FirstCall via COMTEX/ --
>Com21, Inc. (Nasdaq: CMTO), a leading global provider of system
>solutions for the broadband access market, announced today, as
>required by the Securities and Exchange Commission, that it has
>received notice of a determination from a Nasdaq Listing
>Qualifications Panel, that its common stock will be delisted from
>the Nasdaq Small Cap Market. The determination was made pursuant to
>a hearing held on January 23, 2003, and will become effective as of
>the open of business on February 21, 2003. The Company, as noted by
>the Panel, does not comply with the shareholders' equity/market
>value of listed securities/net income and bid price requirements, as
>set forth in Nasdaq Marketplace Rules 4310(c)(2) and 4310(c)(4).
>
>On December 11, 2002, Com21 received a Nasdaq Staff Determination
>that it failed to comply with the minimum bid price requirement of
>$1.00 per share and $2.5 million minimum stockholders equity
>requirements. On December 17, 2002, Com21 requested a hearing that
>effectively stayed the delisting; however, the Company could not
>regain compliance with the applicable Nasdaq requirements within the
>time period prescribed by Nasdaq.
>
>The Company anticipates that its common shares will be immediately
>eligible for quotation on the Over The Counter Bulletin Board
>(OTCBB), under the same symbol, effective with the open of business
>on February 21, 2003. Investors will continue to have access to
>quotes, press releases and other information from the Nasdaq.com
>Internet site or at www.otcbb.com.
>
>SOURCE:
>Com21, Inc.
>
>
>CONTACT:
>Ralph Marimon of Com21, +1-408-953-9100 or Rmarimon@com21.com; or
>Scot Howard of Blueline PR, +1-408-910-9195 or
>showard@bluelinepr.com, for Com21
>
>URL:
>http://www.com21.com

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