Global Crossing May Be Delisted From Nasdaq
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Global Crossing Ltd., the fiber-optic network that listed on the Nasdaq Stock Market less than four months ago, said Monday that it might be delisted because of an accounting review. The company last week announced that it would restate last year’s results and review its 2002 results.
The company emerged from two years of bankruptcy protection less than six months ago. Global Crossing shares rose 15 cents to $7.30 on Nasdaq. The company, formerly headquartered in Beverly Hills, is now based in Florham Park, N.J.
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