Comverse Tech delisted from Nasdaq Exchange

Full story: Newsday
Shares of Comverse Technology Inc., the communications software company whose former chief executive officer is a fugitive from justice in a wide-ranging federal fraud case, will be delisted from the Nasdaq, ... Full Story
Friend of Kobi

Port Jefferson Station, NY

#1 May 22, 2007
Didn't this happen months ago? I'm very confused. Since the company has been trading over the counter for months doesn't that mean it has been delisted for months?

Levittown, NY

#2 May 22, 2007
No, it doesn't mean that! There is a difference between a halt in trading and a delisting. A company's stock can trade again after a halt in trading. Once the stock is delisted, though, that's it. No more trading

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