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| Monday, November 20, 2006 |
Rambus (NASDAQ Stock Symbol RMBS) missed its filing deadline due to a stock option review, earning it a delisting notification from the Nasdaq. The Los Altos, Calif., chipmaker was notified by Nasdaq Wednesday that it is in violation of listing guidelines.
The company has said that a "significant number" of stock options granted from 1998 to 2001 were misdated and that it would have to restate its results and take charges of more than $200 million. The options practices in question came during a time when former CEO Geoff Tate ran the company and served on the stock option committee. Tate resigned from the company's board in August. |
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