Overland Avoids Delisting

3/20/09

San Diego’s Overland Storage (NASDAQ: OVRL) reported some good news today, saying Nasdaq has withdrawn a delisting notice that was issued last year when the  company’s stock slipped below Nasdaq’s minimum share price requirement of $1 a share. According to Overland, Nasdaq now says Overland now meets “alternative” standards. Shares of Overland, which specializes in data archiving and related data storage technologies, were trading at about 26 cents earlier today.

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