This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Mercury Interactive Shares to Be Delisted

Mercury Interactive (MERQE) was battered anew Tuesday after the company said its shares will be delisted from the Nasdaq Stock Market.

Mercury, which last week said it will miss a deadline to file its July and September quarterly results, announced Tuesday that its shares will move to the Pink Sheets following its Nasdaq delisting, which takes effect with the open of trading Wednesday.

The software company said it is "committed" to regaining compliance with the Nasdaq filing requirements and relisting its shares. That goal could take time, however.

"The company was advised that the Nasdaq Listing Qualifications Hearing Panel did not believe it has the authority to grant the company's request to relist Mercury's common stock on an expedited basis under The Nasdaq National Market maintenance standards once the company fulfills its filing requirement and demonstrates compliance with all other initial listing standards for The Nasdaq National Market," Mercury said. "The company may request that the NASDAQ Listing and Hearing Review Council review the Panel's decision."

Mercury is in the process of restating financial results after a special committee of its board found some of its executives benefited from a program to favorably price stock options grants. CEO Amnon Landan, CFO Douglas Smith and general counsel Susan Skaer resigned in the wake of the findings.

"The company announced that it believes that it has made substantial progress in the completion of its restatement efforts. The company also stated that it has strong visibility into the required steps to ensure that the company's restated financials meet Nasdaq requirements and are thorough, complete and accurate," it said Tuesday.

Mercury slid $2.34, or 8.4%, to $25.45 on Instinet.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs