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October 3, 2007

Maxim: Pink Sheet Prizewinner?

Is Maxim the new prizewinner for largest market capitalization pink sheet stock? With the company having been kicked to pink sheets, its $9.1-billion market cap looks outsized among a more typical pink sheet value of a few million or so.

By way of refresher, the Sunnyvale company is delinquent in its filing as it investigates option-backdating issues. It is currently saying it will file in the first quarter of 2008, so it could be ruling the pink sheet roost for some time yet.

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