CAMBRIDGE, Mass.--(BUSINESS WIRE)--May 16, 2007--Forrester
Research, Inc. (Nasdaq: FORR) today announced that, as anticipated, it
had received an additional Staff Determination letter from the Listing
Qualifications department of The Nasdaq Stock Market stating that the
company is not in compliance with Nasdaq Marketplace Rule 4310c(14)
because it did not file its quarterly report on Form 10-Q for the
quarter ended March 31, 2007.
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. As previously announced on March 19, 2007, Forrester
received a similar Staff Determination letter stating that the company
is not in compliance with Nasdaq Marketplace Rule 4310c(14) due to the
delay in the filing of its Form 10-K for the year ended December 31,
2006. On May 3, 2007, Forrester appeared at a hearing before the
Nasdaq Listing Qualifications Panel at which it presented a plan for
compliance and asked the panel to grant the company additional time to
comply with Nasdaq listing requirements. Pending a decision by the
panel, Forrester's common stock will remain listed on The Nasdaq Stock
Market. The additional staff determination letter states that the
failure of the company to file its Form 10-Q for the first quarter
will serve as another deficiency for the panel to consider in making a
decision on the company's request.
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 23 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
(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
Phyllis Paparazzo, +1 617-613-6234
Director, Investor Relations
SOURCE: Forrester Research, Inc.