Aviza Technology Receives Delisting Notice from NASDAQ
June 12 2009 - 4:05PM
Business Wire
Aviza Technology, Inc. (NASDAQ:AVZA), a supplier of advanced
semiconductor capital equipment and process technologies for the
global semiconductor industry and related markets, today announced
that on June 10, 2009, it received a Staff Determination Letter
from The NASDAQ Stock Market stating that the company�s common
stock is subject to delisting from The NASDAQ Stock Market in
accordance with Nasdaq Listing Rules 5100, 5110(b), and IM-5100-1.
The letter was issued as a result of the company�s previously
announced filing for relief under Chapter 11 of the U.S. Bankruptcy
Code on June 9, 2009.
The company does not intend to request a hearing before the
NASDAQ Listing Qualifications Panel to appeal the decision. The
letter set forth the NASDAQ staff�s determination to delist the
company�s common shares, suspend trading in the company�s common
stock at the opening of business on June 19, 2009, and file a Form
25-NSE with the Securities and Exchange Commission removing the
company�s common stock from listing and registration on The NASDAQ
Stock Market.
About Aviza Technology, Inc.
Aviza Technology, Inc. designs, manufactures, sells and supports
advanced semiconductor capital equipment and process technologies
for the global semiconductor industry and related markets. The
company�s systems are used in a variety of segments of the
semiconductor market, such as advanced silicon for memory devices,
advanced 3-D packaging and power integrated circuits for
communications. Aviza�s common stock is publicly traded on the
NASDAQ Global Market (NASDAQ GM: AVZA). Aviza is headquartered in
Scotts Valley, Calif., with manufacturing, R&D, sales and
customer support facilities located in the United Kingdom, Germany,
France, Taiwan, China, Japan, Korea, Singapore and Malaysia.
Additional information about the company can be found at
http://www.aviza.com.
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