Author: JT Smith
From News.com: “Excite@Home and its accountants said Monday that the company may not be able
to continue operations, especially if the Nasdaq Stock Market delists its shares. The company said in the amendment that it may not continue as a “going concern,” which in
financial lingo means that the cable Internet access company is running out of cash. The
company also warned it could get booted off the Nasdaq, a move that would accelerate
Excite@Home’s financial woes. Companies can be delisted if they trade under $1 for 30
consecutive days.”
to continue operations, especially if the Nasdaq Stock Market delists its shares. The company said in the amendment that it may not continue as a “going concern,” which in
financial lingo means that the cable Internet access company is running out of cash. The
company also warned it could get booted off the Nasdaq, a move that would accelerate
Excite@Home’s financial woes. Companies can be delisted if they trade under $1 for 30
consecutive days.”
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