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O.C. BUSINESS PLUS | ORANGE COUNTY BRIEFLY

Tickets.com Warned of Delisting by Nasdaq

March 29, 2001|Dow Jones

Online ticketing agency Tickets.com Inc. said Wednesday that it has received notice from Nasdaq that the company's stock listing may be removed from Nasdaq's national market system because the stock has traded below $1 a share since early November.

The Costa Mesa company said in a press release that its request for a hearing has been granted by Nasdaq's listing qualifications panel. The hearing is set for May 10. Until then, the stock will continue to trade on the national market system.

The company said it believes it meets all other requirements for continued listing other than the rule requiring a minimum $1 a share bid price.

Tickets.com stock closed unchanged Wednesday at 53 cents a share.

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