Friday, November 24, 2006 , Updated
NASDAQ serves notice to Fossil
NASDAQ gave notice to Fossil Inc., the watchmaking company based in Richardson, reports the Dallas Business Journal. The stock market said that because the company did not file a quarterly earnings report (ending October 7), it can be grounds for being delisted from the exchange. The company's board is going to look into the situation and ask for a hearing with NASDAQ.
Someone explain how a big fat company like Fossil can "forget" to file a quarterly earnings report?
Posted by Blair
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