twice connect
careers

Sharper Image Facing De-Listing

4/24/2007 09:00:00 AM Eastern

San Francisco — Sharper Image, the struggling novelty CE gift chain, is facing de-listing from the Nasdaq Global Market stock exchange for failure to file its 10-K annual report on time.

The delay — caused by the preparation of additional regulatory filings in March following an audit of stock option and accounting practices — would put it in non-compliance with Nasdaq regulations.

The company said it plans to request a hearing before Nasdaq and will remain listed pending a decision by the exchange. It now expects to file its 10-K by May 31.

The chain’s net sales fell 45 percent in March to $22.1 million while same-store sales fell 29 percent.

PHOTOS
NATM Annual Meeting

Besides the usual business of planning out the

Ultra HD OLED TVs In IFA Spotlight

At IFA, all Ultra HD makers are quickly expanding

Jack Wayman, the Father Of International CES

Tributes continue to pour in for Jack Wayman, who

Nationwide PrimeTime 2014

Scenes from Nationwide PrimeTime buy fair held in