Motive (NASDAQ:MOTVE)
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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.