Motive, Inc. Receives Notice From Nasdaq; Company's Stock to be Delisted From The Nasdaq National Market on April 11, 2006
April 10 2006 - 8:30AM
Business Wire
Motive, Inc. (NASDAQ:MOTVE), a leading provider of broadband
management software, today announced that it has received a notice
from The Nasdaq National Market that shares of its common stock
will be delisted from The Nasdaq National Market effective as of
the opening of business on April 11, 2006 for failure to comply
with Nasdaq Marketplace Rule 4310(c)(14), which requires the
company to make on a timely basis all filings with the Securities
and Exchange Commission. The company expects its common stock to be
traded on the Pink Sheets following delisting. Motive is committed
to regaining compliance with all Nasdaq filing requirements. The
company intends to file an application for listing with The Nasdaq
National Market as soon as possible after becoming current with its
periodic financial reports. On April 3, 2006, Motive reported that
it had notified Nasdaq that as a result of the company's recent
decision to restate financials to include periods dating back to
2001, it would be unable to meet the April 13, 2006 deadline set by
Nasdaq for Motive to be in full compliance with Nasdaq listing
requirements. About Motive, Inc. Motive, Inc. (NASDAQ:MOTVE) has
pioneered a unique approach to designing management services into
Internet-era networks, systems and applications. Motive's software
makes complex products and services self-managing, reducing
overhead costs and optimizing customers' return on investment.
Companies worldwide have relied on Motive's software to provide a
range of problem remediation and configuration management tasks for
more than 45 million endpoints. Founded in 1997, Motive is
headquartered in Austin, Texas, and has offices in Europe and Asia.
For more information, visit www.motive.com. This press release
contains forward-looking statements. Actual events or results may
differ materially from those described in this press release.
Additional information concerning risk factors associated with our
business can be found in our filings with the Securities and
Exchange Commission, which are available at www.sec.gov. Statements
included in this press release are based upon information known to
us as of the date of this release, and we assume no obligation to
update any information contained in this press release. Motive and
the Motive logo are trademarks or registered trademarks of Motive,
Inc. All other products or services mentioned herein are trademarks
of their respective holders.
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