According to WSJ.com, shares of Taleo increased as much as 17% Monday after Wedbush Morgan raised the company’s stock-investment rating because the business software company said it has regained compliance with NASDAQ listing requirements.
Taleo announced that it had received a letter from NASDAQ confirming that with its recent filing of its Form 10-K for the year ended December 31, 2008 and its Form 10-Q for the quarter ended September 30, 2008, Taleo has regained compliance with the listing requirements set forth in NASDAQ marketplace rule.
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