Distribution titan Bell Micro has expressed its delight at being relisted on the NASDAQ exchange, almost two years after being given the boot.
In March 2008, Bell was delisted from the NASDAQ Global Market after failing to comply with filing requirements. The distributor had previously been given two months to get its house in order, but admitted at the time it would be "difficult to achieve compliance".
Yesterday, the San Jose-based broadliner announced NASDAQ has given its application to be readmitted the thumbs-up. Shares, under the symbol BELM, are scheduled to resume trading when the market opens on Monday.
Bell chief executive Don Bell claimed the NASDAQ green light spoke of the progress the company has made in recent months.
"We are extremely pleased to resume trading on the NASDAQ and I would like to thank all of those at Bell Micro who contributed to this milestone," he said. " We believe our NASDAQ relisting reflects the financial and operational progress we have achieved in recent quarters."
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