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Charter gets Nasdaq notice

April 19, 2008|From Times Wire Services

Charter Communications Inc., the cable operator controlled by Microsoft Corp. co-founder Paul Allen, said it had received a notice from Nasdaq after its Class A shares closed below $1 for 30 consecutive business days.

Charter may fall short of Nasdaq listing requirements if the shares don't close at or above $1 for 10 business days in a row, the St. Louis-based cable operator said.

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