Avanex (AVNX) Regains NASDAQ Compliance
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Avanex Corporation (NASDAQ: AVNX) received a letter from The Nasdaq Stock Market on June 10, 2008, indicating that the Company has regained compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Global Market, pursuant to Nasdaq Marketplace Rule 4450(a)(5). In the letter, Nasdaq advised the Company that the matter of the Company's compliance with the requirement is now closed.
Avanex Corporation designs, manufactures and markets fiber optic-based products, known as photonic processors. [SM]
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