SGI Delisted From NY Stock Exchange
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Silicon Graphics, the former king of 3D and advanced computing that was founded by Netscape backer Jim Clark, announced it will be delisted from the New York Stock Exchange as of November 7. SGI stock has been trading at below $1.00, which is the minimum requirement for the NYSE.
"As previously reported, SGI received notice from the NYSE on May 9, 2005 that SGI's common stock had fallen below the NYSE's minimum share price standard," the company said in the announcement. SGI shares will now trade as a penny stock on the OTC Bulletin Board.