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Manufacturer JPS Industries Inc. explains reasons for delisting its stock.
Knight Ridder/Tribune Business News, August, 2004
By Ben Werner, The State, Columbia, S.C. Knight Ridder/Tribune Business News
Aug. 29--JPS Industries Inc. is taking itself off the Nasdaq exchange.
The Greenville-based manufacturer -- which makes products used in circuit boards, roofing and even surfboards -- intends to have its shares sold over-the-counter, said Michael Fulbright, chief executive of JPS.
The reason for delisting was simple -- saving money. But some analysts who took part in a conference call last week did not sound like they were buying the reasoning.
One asked whether JPS had considered software, produced by Oracle, that eases the burden of meeting federal filing requirements.
Others were concerned about the type of information that will be...
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