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Hardware, software and expert advice for digital signage and kiosks |
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SignageWire: Feeding the digital signage and kiosk hype machineFocus Enhancements Receives NASDAQ Delist LetterAuthor: WireSpring on 2008-07-23 11:57:09 Broadcast Newsroom notes that:Focus Enhancements, Inc. (NASDAQ:FCSE) a worldwide leader in Ultra
Wideband (UWB) wireless technology, video conversion and digital media
products, today received a staff determination letter from the NASDAQ
Stock Market Inc. stating the company's common stock is subject to
delisting from the NASDAQ Capital Market for not meeting the market
value of publicly held shares requirement for continued listing.
Focus Enhancements will submit a request by July 28, 2008 for a hearing with the NASDAQ Listing Qualifications Panel. This request will stay the delisting of the company's securities pending the hearing and determination by the panel. During this stay, the company's securities will continue to trade under the ticker symbol "FCSE" on the NASDAQ board. There can be no assurance that the panel will grant the company's request for continued listing. Our take:Oh how the mighty have fallen. While Focus Enhancements (which purchased Visual Circuits a few years back) at one point controlled a pretty sizable chunk of the market we today call "digital signage", today they have little more than a set of niche product offerings and some additional offerings in various areas of wireless data transmission. From what we recall, NASDAQ threatens to delist you after your company has traded at less than $1 for a solid month. Considering that Focus has been slogging along at well below that for a while, we're not optimistic about their ability to bring themselves back up above the magic $1 level before they get relegated to a smaller exchange. Comments (0)
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Previous Article: NEC's ad system pumps out spots based on gender, age Next Article: The top digital signage, retail media and kiosk articles for July 14 - July 27 LEGAL STUFF: SignageWire is written by the WireSpring staff but may periodically include articles by guest authors. The author of each article is clearly identified at the start of the article. The opinions expressed in each article are solely those of the author, and do not reflect the official opinions of WireSpring Technologies, Inc. All SignageWire articles are copyright © 2008 WireSpring Technologies, Inc. or the guest author, as appropriate. All content besides the actual article text, e.g. surrounding branding and informational content, is copyright © 2000-2008 WireSpring Technologies, Inc. All rights reserved. Except as provided in WireSpring's Republishing and Syndication Policy, no SignageWire content may be reproduced, in whole or in part, without WireSpring's express written consent.
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What's this blog about?
Whether you're new to digital signs and kiosks or you've been in the business for years, you've probably noticed that nearly every announcement and press release contains a huge amount of hype. Our goal with this blog is to provide coverage of the more interesting happenings, along with commentary to give you a reality-check on what matters and what's just fluff. We post new articles several times a week.
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