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Avistar receives Nasdaq noncompliance notice



By AP
24 April 2008 @ 03:41 pm EST

SAN MATEO, Calif. - Video communications software company Avistar Communications Corp. said Thursday it received a notice from the Nasdaq that the company doesn't meet minimum listing requirements and could be delisted.

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AVSR 0.94 -0.21

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Avistar shares closed below $1 for 30 days prior to April 18. The company has 180 days to regain compliance.

Shares climbed 6 cents to 88 cents in afternoon trading.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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