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Autodesk Gets Nasdaq Letter

Nasdaq tells the software maker it isn't in compliance with continued-listing rules.
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(ADSK) - Get Autodesk Inc. Report

received a letter from the


indicating that the design-software maker isn't in compliance with the filing requirements for its continued listing.

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The letter cited the company's delay in submitting its quarterly report to regulators. The company plans to request a hearing before the Nasdaq listing qualifications panel in response to the letter.

Autodesk is conducting a review of its past stock option grants and had previously said it didn't expect to file its 10-Q with the

Securities and Exchange Commission

on time.

Pending a decision by the listing panel, Autodesk's shares will remain on the Nasdaq. Shares of Autodesk fell 15 cents Tuesday to $36.14.