SGI Delisted from New York Stock Exchange
Silicon Graphics Inc., the former king of 3D and advanced computing that was founded by Netscape backer Jim Clark, announced it will be delisted from the New York Stock Exchange as of Nov. 7. SGI stock has been trading at below $1.00, which is the minimum requirement for the NYSE.
"As previously reported, SGI received notice from the NYSE on May 9, 2005, that SGIs common stock had fallen below the NYSEs minimum share price standard," the company said in the announcement. SGI shares will now trade as a penny stock on the OTC Bulletin Board.