CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 12, 2007--Forrester
Research, Inc. (Nasdaq: FORR) today announced that it has received
notification that the Nasdaq Listing and Hearing Review Council has
determined to call for review the August 31, 2007 decision of the
Nasdaq Listing Qualifications Panel denying the request of the company
for continued listing on The Nasdaq Stock Market past the date of
September 12, 2007. Concurrent with the call for review, the Listing
Council determined to stay the suspension of trading and delisting of
the company's common stock.
On March 16, 2007, Forrester announced a delay in filing its
Annual Report on Form 10-K for its fiscal year ended December 31, 2006
because of its ongoing investigation of its stock option granting
practices. On May 10, 2007 and August 9, 2007, the company announced a
delay in filing its Quarterly Reports on Form 10-Q for the first and
second quarters of 2007, respectively. As previously announced,
Forrester has received Staff Determination letters stating that it is
not in compliance with Nasdaq Marketplace Rule 4310(c)(14) due to the
delay in the filing of its Annual Report on Form 10-K for the year
ended December 31, 2006 and its Quarterly Reports on Form 10-Q for the
periods ended March 31, 2007 and June 30, 2007.
As previously announced, on June 14, 2007, the Listing
Qualifications Panel of The Nasdaq Stock Market granted Forrester's
request for continued listing on The Nasdaq Stock Market. Forrester's
continued listing was subject to certain conditions, including that on
or before September 12, 2007 it file with the SEC the delinquent
reports and any required restatement of the company's historical
financial statements.
While Forrester's common stock will remain listed on The Nasdaq
Stock Market pending the conclusion of the Listing Council's review,
there can be no assurance that the Listing Council will determine that
Forrester's common stock should remain listed following the completion
of its review.
About Forrester Research
Forrester Research, Inc. (Nasdaq: FORR) is an independent
technology and market research company that provides pragmatic and
forward-thinking advice to global leaders in business and technology.
For more than 24 years, Forrester has been making leaders successful
every day through its proprietary research, consulting, events, and
peer-to-peer executive programs. For more information, visit
www.forrester.com.
(C) 2007, Forrester Research, Inc. All rights reserved. Forrester
is a trademark of Forrester Research, Inc.
CONTACT: Forrester Research, Inc.
Karyl Levinson, +1-617-613-6262
Vice President, Corporate Communications
press@forrester.com
or
Paul Burmeister, +1-617-613-6270
Senior Finance Advisor
pburmeister@forrester.com
SOURCE: Forrester Research, Inc.
