Business Services Industry

SONICblue Transfers to Nasdaq SmallCap Market; Begins Trading on the Nasdaq SmallCap Market Effective November 19, 2002

Business Wire, Nov 18, 2002

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 18, 2002

SONICblue(TM) Incorporated (Nasdaq:SBLU) today announced that its request to transfer from the Nasdaq National Market to the Nasdaq SmallCap Market has been approved and will take effect tomorrow, November 19, 2002. SONICblue's common stock will continue trading under its current symbol: SBLU.

The transfer to the Nasdaq SmallCap Market extends the grace period to achieve the minimum $1.00 bid price requirement to February 18, 2003. SONICblue may also be eligible for an additional 180-calendar day grace period provided that it meets the initial listing criteria for the SmallCap Market, other than the minimum $1.00 bid price as of that date. Frequently asked questions and answers regarding transferring from the Nasdaq National Market to the Nasdaq SmallCap Market can be found at: http://www.nasdaq.com/about/LegalComplianceFAQs.stm#phasedown.

About SONICblue Incorporated (www.SONICblue.com)

SONICblue is a leader in the converging Internet, digital media, entertainment and consumer electronics markets. Working with partners that include some of the biggest brands in consumer electronics, SONICblue creates and markets products that let consumers enjoy all the benefits of a digital home and connected lifestyle. SONICblue holds a focused technology portfolio that includes Rio(R) digital audio players; ReplayTV(R) personal television technology and software solutions; and Go-Video(R) integrated DVD VCRs, Dual-Deck(TM) VCRs, and digital home theater systems.

Note to Editors: SONICblue and Dual-Deck are trademarks of SONICblue Incorporated. ReplayTV, Go-Video and Rio are registered trademarks of SONICblue Incorporated. All other products and brand names as they appear in this release are trademarks or registered trademarks of their respective holders.

COPYRIGHT 2002 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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