April 11, 2002
Homestore survives Nasdaq delisting hearing, regains E-less ticker symbol
Inman News Features
Westlake Village, Calif.-based Homestore today announced a Nasdaq Listing Qualifications Panel has decided to continue the listing of Homestore's common stock on The Nasdaq National Market and that Homestore's ticker symbol will be changed back from HOMSE to HOMS when the market opens tomorrow morning. The company said the determination was made following a hearing of the Nasdaq Listing Qualifications Panel last week.
The additional E was added to the HOMS symbol in late December to indicate to investors that the company was not in compliance with Nasdaq rules that require Securities Exchange Commission reports be filed with Nasdaq on a timely basis. The company filed amended financial statements with the SEC at the end of last month and now appears to be in compliance with Nasdaq?s timely reporting rule.
Homestore supplies online media and technology to the real estate industry. The company operates Realtor.com.com, HomeBuilder.com, Apartments & Rentals and Homestore.com, a home information Web site.
Copyright: Inman News Service