Nasdaq to Delist Bankrupt Sharper Image

By Associated Press
February 25, 2008
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Sharper Image Corp. says its shares will stop trading on the Nasdaq Stock Market because of concerns raised by the specialty retailer's recent bankruptcy.

Nasdaq plans to delist Sharper Image's stock this Friday. After that, Sharper Image shares still may trade in the over-the-counter market. The shares fell 9 cents to close at 47 cents Monday.

Sharper Image filed for Chapter 11 bankruptcy last week after three years of sinking sales saddled the San Francisco-based company with more than $135 million in losses. Management plans to close nearly half of Sharper Image's 184 stores.
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