Financially Speaking... GeoEye, Inc...
GeoEye, Inc. (NASDAQ: GEOY) has received notice from Nasdaq that as a result of filing its restated financial reports and current quarterly report on Form 10Q on September 8th, all compliance issues have been resolved — GeoEye remains in good standing on The Nasdaq Global Market exchange. Consequently,
GeoEye's mid-October hearing before a
Nasdaq Listing Qualifications Panel has been cancelled as the issue is now moot. In addition, as announced on September 6th, GeoEye successfully launched and deployed
GeoEye-1, the world's highest resolution, commercial Earth-imaging satellite. The satellite is now undergoing its on-orbit checkout and calibration period.
Bill Schuster, GeoEye chief operating officer, commented, "The checkout of our GeoEye-1 satellite continues to go as expected. We and General Dynamics Advanced Information Systems, who built the satellite, are pleased with the performance and checkout progress of GeoEye-1. We expect to fully test the camera and produce imagery in the near future."
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