Gemstar Keeps Nasdaq Listing
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Gemstar-TV Guide International Inc. said Monday that a Nasdaq Stock Market panel decided the company meets the market’s regulatory filing requirements and can keep its Nasdaq listing.
Pasadena-based Gemstar had faced delisting for the delayed filing of fourth-quarter financial reports with the Securities and Exchange Commission.
The company had delayed its reports while it worked on a restatement of past results. Gemstar filed the reports on March 31, recording a loss of more than $6 billion in 2002 after write-offs.
Gemstar remains under formal investigation by the SEC.
The announcement came after markets closed. The stock added 5 cents to $3.40.
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