Business Services Industry
3dfx Interactive, Inc. to be Available for Trading on the OTCBB After Nasdaq National Market Delisting
Business Wire, May 15, 2001
Business Editors
SAN JOSE, Calif.--(BUSINESS WIRE)--May 15, 2001
3dfx Interactive, Inc. (Nasdaq:TDFX) ("3dfx") today announced that, pursuant to a delisting notice received by 3dfx from Nasdaq on May 11, 2001, its common stock will be delisted from the Nasdaq National Market effective as of the opening of business on May 16, 2001. At that time 3dfx's common stock will be available for trading on the Over-the-Counter Bulletin Board ("OTCBB"). The decision by Nasdaq to delist 3dfx's securities was based on Marketplace Rule 4310(c)(8)(B) and results from the failure to maintain a $1.00 minimum bid price for a time period sufficient to satisfy Nasdaq officials.
The OTCBB is a regulated quotation service that offers real-time quotes, last-sale prices and volume information on selected over-the-counter equity securities. 3dfx will retain its current stock symbol:TDFX.
3dfx expects to file with the Securities and Exchange Commission its annual Report on Form 10-K for the fiscal year ended January 31, 2001 on May 16, 2001.
About 3dfx Interactive
3dfx Interactive, Inc. developed high performance, cost-effective graphics chips, graphics boards, software and related technology that enables an interactive and realistic 3D experience across multiple hardware platforms, but is now in the process of winding up its business.
This press release contains forward-looking statements based on current expectations that are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, those risks identified in the reports and documents filed by the Company with the Securities and Exchange Commission from time to time.
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