Rambus Gets Delisting Notice

Stock quotes in this article: RMBS  

Rambus (RMBS Quote) missed its filing deadline due to a stock option review, earning it a delisting notification from the Nasdaq.

The Los Altos, Calif., chipmaker was notified by Nasdaq Wednesday that it is in violation of listing guidelines. Last week, the company warned that it would miss a quarterly filing deadline with the Securities and Exchange Commission and would attempt to file "as soon as practicable."

The company has said that a "significant number" of stock options granted from 1998 to 2001 were misdated and that it would have to restate its results and take charges of more than $200 million.

The options practices in question came during a time when former CEO Geoff Tate ran the company and served on the stock option committee. Tate resigned from the company's board in August.

Rambus shares were down 33 cents to $20.79 in pre-market trading Monday.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,058.64 1,070.52 2,150.87 36.33
Oil *
72.02
UP
150.25
UP
13.78
UP
24.82
UP
0.41
10 Yr
3.63%
SPDR Gold
105.45
+1.52%
+1.30%
+1.17%
+1.14%
Data delayed 20 minutes

More From TheStreet

Latest Headlines
  • Top Rated Stocks from TheStreet Ratings
  • Find returns with the Dividend Calendar

Brokerage Partners

TheStreet Premium Services

All Services