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Verilink Faces Nasdaq Delisting

Verilink Corp., which makes products that help ILECs, CLECs, IXCs and other carriers build converged access networks, is in danger of losing its Nasdaq listing.

The trading network said Verilinks stock has sold for less than the minimum $1 requirement for the last 30 trading days.

Verilink has until July 10 to regain compliance. The company has been operating under a new vice president and CFO, Timothy R. Anderson, since December 2004.

Verilinks stock was up .04 cents late Thursday afternoon, trading for 93 cents.

The equipment maker also said today it has sold its former Alabama headquarters, which were on the market after the company last year moved its facilities to Colorado.

Verilink Corp. www.verilink.com

 


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