[Federal Register Volume 63, Number 87 (Wednesday, May 6, 1998)]
[Notices]
[Page 25129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11988]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw from Listing
and Registration; (Oryx Technology Corp., Common Stock, $0.001 Par
Value; Common Stock Warrants) File No. 1-12680
April 30, 1998.
Oryx Technology Corp. (``Company'') has filed an application with
the Securities and Exchange Commission (``Commission''), pursuant to
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule
12d2-2(d) promulgated thereunder, to withdraw the above specified
securities (``Securities'') from listing and registration on the
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
The reasons cited in the application for withdrawing the Securities
from listing and registration include the following:
The Securities of the Company have been listed for trading on the
Exchange and, pursuant to a Registration Statement of Form 8-A,
effective on April 5, 1994, the National Association of Securities
Dealers Automated Quotation System (``NASDAQ''). Trading in the
Company's Securities on the NASDAQ commenced at the opening of business
on April 6, 1994, and concurrently therewith on the PCX.
The Company has complied with Exchange Rule 3.4(b) by filing with
the Exchange a certified copy of the resolutions adopted by the
Company's Board of Directors authorizing the withdrawal of the
Securities from listing and registration on the PCX and by setting
forth in detail to the Exchange the reasons for and facts supporting
the proposed delisting. In deciding to withdraw its Securities from
listing and registration of the PCX, the Company considered the direct
and indirect costs and expenses attendant on maintaining the dual
listing of its Securities on the NASDAQ and the PCX. The Company does
not see any particular advantage in the dual trading of its Securities
and believes that dual listing will fragment the market for its
Securities.
By letter, the Exchange informed the Company that it has no
objection to the withdrawal of the Company's Securities from listing
and registration on the PCX.
By reason of Section 12 of the Act and the rules and regulations
thereunder, the Company shall continue to be obligated to file reports
under Section 13 of the Act with the Commission.
Any interested person may, on or before May 21, 1998, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
Exchange and what terms, if any, should be imposed by the Commission
for the protection of investors. The Commission, based on the
information submitted to it, will issue an order granting the
application after the date mentioned above, unless the Commission
determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-11988 Filed 5-5-98; 8:45 am]
BILLING CODE 8010-01-M
