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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Aspeon Says Annual Report Still Isn't Ready

October 11, 2000|Dow Jones

Aspeon Inc. said it needs more time to file its annual report with regulators.

The delay, the second announced by the Irvine company, came after Nasdaq halted trading of Aspeon's stock, pending receipt of more information about the filing.

The stock last traded Tuesday at $1.50, up 6 cents a share, after hitting a 52-week low of $1.38 earlier in the session. The shares traded as high as $30 on March 10.

Aspeon, which sells touch-screen point-of-sale computers for the food-service industry, said it won't meet the Friday filing deadline that it had set earlier and hasn't set a new target date for filing its form 10-K with the Securities and Exchange Commission for the year ended June 30.

The company announced the first delay in late September. At the time, Aspeon also said it would restate quarterly results for the fiscal year and expected a wider loss than previously estimated.

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