Entorian Receives NASDAQ Notice Letter

AUSTIN, Texas --(Business Wire)-- On July 21, 2008, Entorian Technologies Inc. (NASDAQ: ENTN) received a letter from The NASDAQ Stock Market notifying it that for the 30 consecutive business days preceding the date of the letter, the bid price of its common stock closed below the $1.00 per-share requirement for continued inclusion on The NASDAQ Global Market pursuant to NASDAQ Marketplace Rule 4450(a)(5). In accordance with NASDAQ Marketplace Rule 4450(e)(2), the company has 180 calendar days from the date of the NASDAQ letter, or until January 20, 2009, to regain compliance. To regain compliance, the closing bid price of the company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days prior to January 20, 2009. This notification will not impact the listing of Entorian's common... [read full story]