No immediate NASDAQ de-listing threat for Apple's shares

According to a SEC filing Apple has posted on October the 27th, the NASDAQ has informed Apple that it will give more time to the company so as to provide its delayed 10K SEC filings.

The SEC filing posted today says that Apple's shares will not be de-listed from the NASDAQ if the company releases its SEC filings before Decemer the 29th.

On October 24, 2006, Apple Computer, Inc. (the "Company") received a written notification from the staff of The Nasdaq Stock Market stating that the Nasdaq Listing Qualifications Panel has granted the Company's request for continued listing on The Nasdaq Stock Market, subject to the condition that the Company shall file its Form 10-Q for the quarter ended July 1, 2006, and any required restatements, by December 29, 2006. If the Company is unable to file the Form 10-Q by that date, it intends to seek an additional extension of time from the Nasdaq Listing Qualifications Panel.

The company has recently announced it might have to restate financial results for the past years, so as to address stock-option irregularities found during an internal investegation. This resulted to a delay in its 10-Q filings with the SEC.

Apple has recently revealed the results of its investigation, resulting in the resign of Fred Anderson, former CFO of Apple and member of Apple's board. The probe's results also say that no current member of Apple's board has misconducted in Apple's operations, and that includes, Apple's CEO, Steve Jobs.

Analysts showed signs of relieve after the company announced results of its probe and reacted very positively on Apple's Q4 financial results posted on October the 18th.