Syntax-Brillian (BRLC) Receives Delisting Notification From NASDAQ
Syntax-Brillian Corporation (Nasdaq: BRLC) received a letter from the Nasdaq Stock Market stating that the Company's previously reported Nasdaq listing violations and its July 8, 2008 filing for protection under Chapter 11 of the U.S. Bankruptcy Code served as a basis for delisting its securities.
The Nasdaq Listing Qualifications Hearings Panel has determined to delist the company's stock from the Nasdaq Stock Market and will suspend trading of the stock at the open of business on Tuesday, July 22, 2008. The Company does not intend to appeal the Nasdaq Listing Qualifications Hearings Panel's decision.[SM]
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