[Federal Register Volume 64, Number 106 (Thursday, June 3, 1999)]
[Notices]
[Pages 29933-29934]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-14051]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (SoftNet Systems, Inc., Common Stock, $.01 Par Value
Per Share) File No. 1-5270
May 27, 1999.
SoftNet Systems, Inc. (``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 security specified
above (``Security'') from listing and registration on the American
Stock Exchange LLC (``Amex'' or ``Exchange'').
The Security has been listed for trading on the Amex and on April
14, 1999, became designated for quotation on the Nasdaq National Market
(``Nasdaq'').
The Company, whose primary business relates to technology, has told
the Amex that it believes its shareholders would be better served if
the Security was trading exclusively on the Nasdaq, which, in the
opinion of the Company, is the preferred marketplace for the securities
of growth companies in the technology industry.
The Company has complied with the rules of the Amex by filing with
the Exchange a certified copy of the resolutions adopted by the Board
of Directors of the Company authorizing the withdrawal of the Security
from listing on the Amex and by setting forth in detail to the Exchange
the reasons for such proposed withdrawal, and the facts in support
thereof.
The Amex has informed the Company of its determination not to
interpose any objection to the Company's application
[[Page 29934]]
to withdraw its Security from listing and registration on the Exchange.
The Company's application relates solely to the withdrawal from
listing of the Company's Security on the Amex and shall have no effect
upon the continued designation of the Security for quotation on the
Nasdaq. By reason of section 12(g) of the Act and the rules and
regulations of the Commission 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 June 17, 1999, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street, NW, Washington DC 20549-0609, 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. 99-14051 Filed 6-2-99; 8:45 am]
BILLING CODE 8010-01-M
