Delisting Determination,The Nasdaq Stock Market, LLC,
April 23, 2008, Aspen Technology, Inc. The Nasdaq Stock Market,
Inc. (the Exchange) has determined to remove from
listing the common stock of Aspen Technology, Inc. (the
Company), effective at the opening of the trading
session on May 5, 2008. Based on a review of the
information provided by the Company, Nasdaq Staff
determined that the Company no longer qualified for
listing on the Exchange pursuant to Marketplace Rule
4310(c)(4). The Company was notified of the
Staffs determinations on Ocotber 1, 2007 and November
14, 2007. The Company requested a review of the
Staffs determination before the Listing
Qualifications Hearings Panel. Upon review of the
information provided by the Company, the Panel
determined that the Company did not qualify for
inclusion on the Exchange based on its failure to
comply with the following Marketplace Rules:
4310(c)(14).The Company was notified of the Panels
decision on February 14, 2008 and trading in the Companys
securities was suspended on February 19, 2008. The Company
did not request a review of the Panels decision by the
Nasdaq Listing and Hearing Review Council.
The Listing Council did not call the matter for
review. The Panels Determination to delist the Company
became final on March 31, 2008.