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[posting]41377494[/posting]Gigoptix weg von der "Grattlerbörse".OB und hin zur Amex: GigOptix, Inc. Receives Conditional Listing Approval From NYSE Amex tweet .. Companies: GigOptix, Inc. . Related Quotes Symbol Price Change GGOX.OB 2.50 0.00 Press Release Source: GigOptix, Inc. On Friday May 6, 2011, 8:00 am PALO ALTO, Calif.--(BUSINESS WIRE)-- GigOptix, Inc. (OTCBB:GGOX.ob - News), a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G optical networks, today announced that it has received conditional approval to list GigOptix’s common stock on the NYSE Amex stock exchange. Final approval of the Company’s application is subject to certain enumerated conditions, including the closing of its merger with Endwave Corporation as well as continued compliance with other listing requirements of the exchange. Specifically, GigOptix’s common stock must maintain a market capitalization of $50 million, a minimum price of $2.00 per share and a public float of $15 million. GigOptix common shares will continue to trade on the Over-the-Counter Bulletin Board under the symbol “GGOX” until all of the NYSE Amex listing conditions have been met. GigOptix has reserved the ticker symbol “GIG” for trading on the NYSE Amex. Subsequent to all conditions being satisfied and the shares officially trading on the NYSE Amex, GigOptix common shares will no longer be traded on the Over-the-Counter Bulletin Board. Commenting on the conditional listing approval, Chairman of the Board and Chief Executive Officer, Dr. Avi Katz stated, “We are pleased to have renewed our conditional approval, which brings us closer to our goal of listing our common stock on a national securities exchange. We believe the NYSE Amex listing is an important milestone and integral part of the Company’s development and future growth initiatives. Additionally, we view this listing as being beneficial to both our existing stockholders as well as Endwave’s holders in that it will increase GigOptix’s visibility, liquidity and suitability for a broader group of investors. We look forward to closing the Endwave transaction in the second quarter of 2011 and satisfying all of the conditions required by the NYSE Amex exchange to commence trading thereafter.” This approval is contingent upon GigOptix being in compliance with all applicable listing standards on the date that it begins trading on the NYSE Amex exchange and may be rescinded if GigOptix is not in compliance with such standards or if any of the standards outside of its control are not satisfied. About GigOptix, Inc. GigOptix is a leading supplier of high performance electronic and electro-optic components that enable next generation 40G and 100G fiber-optic telecommunications and data-communications networks. The Company offers a broad portfolio of high speed electronic devices including polymer electro-optic modulators, modulator drivers, laser drivers and receiver amplifiers for telecom, datacom, Infiniband and consumer optical systems, covering serial and parallel communication technologies from 1G to 100G. GigOptix also offers the widest range of mixed-signal and RF ASIC solutions in the market including Standard Cell, Hybrid and Structured ASICs targeting the Consumer, Industrial, Defense & Avionics industries. For more information, please visit www.GigOptix.com. Forward Looking Statements |
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| aus der Diskussion: | Gigoptix in der Telekommunikation mit Polymernanoprodukten auf dem Weg zum Leader? |
| Autor (Datum des Eintrages): | Magnetfeldfredy (06.05.11 15:00:10) |
| Beitrag: | 101 von 150 (ID:41465580) |
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