Creative de-lists itself from Nasdaq

The firm announced the move back in 2003 and has finally bitten the bullet. It will keep its only listing on the D-list SGX-ST exchange in Singapore.

Back in 2003, the firm said its daily Nasdaq trading volume had declined to a low level, "representing less than one-tenth the average daily trading volume of its shares on the SGX-ST."

It added: "The vast majority of analysts who cover Creative, even for the major U.S. institutions, are based in Singapore."

It said the same thing again today, but skipped the analyst bit. Instead, it added that the "administrative overhead and cost of the evolving and increasingly burdensome U.S. reporting obligations has become significant."

Too significant to be worth bothering with. µ