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September 8, 1997updated 01 Sep 2016 5:16pm

ROSS TRIES TO ESCAPE NASDAQ DE-LISTING

By CBR Staff Writer

Fujitsu Ltd-majority owned Ross Technologies Inc has said discussions are continuing with Fujitsu to see if there is an alternative solution to stop Nasdaq kicking it off the exchange. Early last month the struggling SPARC chip maker was informed it was to be de-listed by Nasdaq because it didn’t meet the net tangible asset requirements of the market (CI No 3,223), reporting a net loss of $5.2m in its first quarter and a drop in revenue of 62% to $11.8m. Ross clearly hopes Fujitsu will be able to bail it out and says a hearing has been arranged on Thursday for the company to met with Nasdaq.

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