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Friday, October 11, 2002 8:52:06 PM
Here’s an example of a company switching from the Nasdaq NMS to the SmallCap Market:
http://biz.yahoo.com/bw/021011/112312_1.html
“TranSwitch Corporation, a leading developer and global supplier of innovative high-speed VLSI semiconductor solutions, announced today that The NASDAQ Stock Market® has approved its request to transfer its common stock to The NASDAQ SmallCap Market(SM) effective at the opening of trading on October 14, 2002. The Company's common stock will continue trading under the symbol "TXCC". Investors and other interested parties will see NO DIFFERENCE [emphasis added] in how they obtain stock price quotes, execute trades or find news about the Company, following the transfer to The NASDAQ SmallCap Market.”
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Please, everyone, no comments about the fact the TranSwitch is trading for 23 cents. The point is that moving to the SmallCap market is a NON-issue except for bashers who wish to make it one.
“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”
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