Pixelworks Gets Delisting Warning

SAN FRANCISCO -- Pixelworks(PXLW Quote - Cramer on PXLW - Stock Picks) has been put on notice that its flagging share price could get it ejected from the Nasdaq.

The Tualatin, Ore., company, which makes chips for digital televisions and projectors, said Friday that it received a delisting warning from the Nasdaq, because its shares have closed below the $1 level for 30 consecutive days.

According to Pixelworks, the company has until June 23 to regain compliance with Nasdaq listing requirements. Pixelworks shares must close above $1 for 10 consecutive days in order to regain compliance, the company said.

Shares of Pixelworks closed down 8.2%, or 7 cents, at 78 cents Friday.