SiliconBeat

Electroglas, the beleaguered supplier of wafer testing systems to chip manufacturers, said Friday that Warren Kocmond, the chief executive it named on Feb. 9, announced  on Monday that he would be resigning as of Aug. 3, although he will continue to serve on the company’s board of directors. The company’s chairman and former CEO, Thomas Rohrs, will replace him as interim CEO.

The company cut its workforce by Read the rest of this entry »

Design Within Reach, the San Francisco provider of hip home furnishings, has told Nasdaq that it plans to delist its shares from the stock market on July 6, after which the company expects them to trade on the Pink Sheets, according to a filing the company made with the SEC Thursday.

The company said that the limited trading Read the rest of this entry »

Aviza Technology, which itself notified the Nasdaqlisi stock market last week that it would not comply with its financial reporting rules because of its failure to timely file its quarterly 10-Q report with the SEC, received word back from Nasdaq last week confirming that, yep, it is subject to being delisted.

The company has 60 days to submit a plant to regain compliance, and if Nasdaq accepts the plan, could be granted an exception of up to Read the rest of this entry »

Starting tomorrow, Spansion’s shares will no longer trade on the Nasdaq exchange, according to a filing the flash memory maker made Wednesday.

In its statement filed with the SEC, Spansion said it “does not expect the delisting to have Read the rest of this entry »

Insite Vision, the Alameda maker of ophthalmology products, was told last week that the company’s appeal of its proposed delisting by the NYSE Amex stock exchange was denied. Beginning Monday, April 20, Insite’s shares will begin trading on the Over-the-Counter Bulletin Board and Pink Sheets listings.

Insite was no longer in compliance with listing requirements because of insufficient shareholder equity and too many operating losses in recent years, according to a regulatory filing Tuesday.

Silicon Graphics will have its shares delisted from the Nasdaq stock market beginning Thursday morning, according to an SEC filing it made Monday. The news was delivered last week to the Sunnyvale computer maker in a letter from Nasdaq that said the company had failed to become compliant with a rule that the company maintain Read the rest of this entry »

Genitope, the beleaguered Fremont biopharmaceutical that halted development of its experimental MyVax treatment for non-Hodgkin’s lymphoma last March after the Food and Drug Administration said at least one more clinical trial was needed, saw its largest shareholder sell off its 8.1 million stake in the company for $1 on Wednesday, according to a regulatory filing made today.

CPMG, the Dallas-based investment firm, said in a filing Friday that it sold all Read the rest of this entry »

Avistar Communications was warned again by Nasdaq last month that its shares are at risk of being delisted from its stock market listings. It was warned earlier this year that its stock would be delisted unless it could lift its per-share price above $1, which it finally managed to do on a consistent enough basis in August, when it won a reprieve from Nasdaq.

Now the San Mateo supplier of desktip videonconferencing and online collaboration tools, which has been in an intellectual property battle with Microsoft over numerous patents has seen its market value sink below Read the rest of this entry »

Quantum (NYSE:QTM), the San Jose maker of storage products, received word from the New York Stock Exchange that it is “not in compliance” with its minimum $1 listing requirement. It has until Nov. 10 to explain to the stock market its plans for rectifying the situation, and it will have until April 29 to comply with the order by having its shares trade above $1 for 30 consecutive days, according to a filing today.

The company said in a release that should it be unable to lift its shares above the required minimum, it Read the rest of this entry »

In the world of reverse-splits, it rarely gets as dramatic as this. BroadVision of Redwood City said Friday it completed its 1-for-25 split, meaning that shareholders received one new post-split share in exchange for every 25 they owned. Fractional shares will be paid out in cash.

The change will be reflected when the markets open Monday. Broadvision shares (ticker:BVSN) closed Friday at 48 cents each, which will be equal to Read the rest of this entry »