| Novell's NASDAQ headaches |
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When it rains, it pours. Novell Inc. announced on September 20 that it had received a staff determination notice from the NASDAQ Stock Market stating that the Linux common stock is in danger of being delisted from the market.
NASDAQ is threatening this action because the company was late in filing its quarterly Form 10-Q with the Securities and Exchanges Commission for the period ending July 31 2006. By NASDAQ rules, if these reports aren't filed on time, the Market has to consider delisting the stock.
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