Friday, April 11, 2008

Isilon Regains Nasdaq Compliance

Seattle-based Isilon said late Thursday that it has received written confirmation from the Nasdaq that it has regained listing requirements rules. The notification, which came in the form of a written confirmation from the Nasdaq Listing Qualifications Panel, follows filing of the firm's 10-Q for the quarter ending September 30, and its 10-K for fiscal year ended December 30th. The firm had been warned by the Nasdaq of noncompliance in November for failure to file its 10-Q reports; the warning precedes delisting efforts by the exchange if firms fail to regain compliance. Isilon said the Nasdaq told the firm it is now in compliance with all Nasdaq Marketplace Rules for continued listing.