Juniper Group Inc. will stay on the NASDAQ exchange for now, having dragged
its share price above the delisting mark.
The Great Neck, N.Y.-based technology company -- which supplies routers and
broadband equipment through its Juniper Internet Communications Inc. subsidiary
-- was notified by NASDAQ officials that the company's bid price is now in
compliance with exchange rules. Hearings before a NASDAQ listing qualification
panel have been canceled.
To remain on the NASDAQ rolls, a company's stock price must stay above $1 per
share. If it falls below that mark for 30 consecutive trading days, the company
is subject to delisting.