Business Services Industry
Nasdaq Wants to Delist Nashua, N.H., Internet-Based Training Firm.
Knight Ridder/Tribune Business News, December, 2002
By Eileen Kennedy, The Herald, Rock Hill, S.C. Knight Ridder/Tribune Business News
Dec. 19--NASHUA, N.H.--SkillSoft Corp. said Wednesday that Nasdaq officials notified the company on Tuesday that its stock may be delisted, or removed from trading, because it didn't file a third-quarter financial report with the Securities and Exchange Commission on time. The company said it would appeal.
SkillSoft said it could not file third-quarter financial results on time because it found accounting irregularities in past financial statements of SmartForce, the company it merged with earlier this year.
In November, SkillSoft said it would be restating SmartForce's earnings for 1999, 2000, 2001 and the first two quarters of this year.
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