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Avid Receive Delisting Letter From NASDAQ

March 22, 2013, 04:44 AM

Avid Technology, the owners of Pro Tools, have announced the receipt of a delisting letter from NASDAQ. We’re not financial specialists, so here is what Yahoo answers say it means for mere mortals… “To get a stock listed on a major exchange like the NYSE or Nasdaq, a company must meet the minimum standards required by the exchange. On the Nasdaq, for example, a company must pay certain fees, meet minimum standards such as minimum stockholder’s equity...

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