SAN FRANCISCO -- Maxim Integrated Products ( MXIM) has been bounced from the Nasdaq after government regulators denied the company's appeal to keep its listing. The Sunnyvale, Calif., chipmaker said late Monday that its common stock will be suspended from trading as of Tuesday and will subsequently be delisted due to its failure to file timely financial reports since the first quarter of 2006. Maxim said it expects its stock to subsequently begin trading on the Pink Sheets under the new symbol MXIM.PK. The move represents one of the rare stock delistings triggered by the stock option-backdating scandal. Like scores of other companies suspected of backdating, Maxim has delayed filing its financial reports while it investigates past accounting practices and determines the size of the resulting financial restatements. Under Nasdaq regulations, failure to file financial reports on time are grounds for delisting. But the Nasdaq has shown leniency with many companies whose filings have been delayed by backdating investigations. The Nasdaq board has granted extensions to companies including Marvell ( MRVL), Rambus ( RMBS) and Foundry Networks ( FDRY), among others. Maxim's restatement project appears to be taking significantly longer than some of its peers, however. Nasdaq's board had granted the company until Sept. 25 to get up to date on its filings, but Maxim says it doesn't expect to file its delinquent reports until the first quarter of 2008.