By Furniture Today Staff -- Furniture Today, December 21, 2008
HIGH POINT —
Fabric supplier Culp said it has been notified by the New York Stock Exchange that its stock is out of compliance with the exchange's listing standards because its market capitalization and shareholders' equity both fall below $75 million.
The market cap was $38.5 million as of Dec. 12 and the equity was $46.5 million as of Nov. 2, the most recently reported date.
To keep its listing, Culp would have 45 days to submit a plan to the NYSE telling how it will achieve compliance with the standards within 18 months. If the plan is accepted, the exchange would monitor the company. The company said it intends to submit such a plan.
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Here is a sampling of some of the stylish new products catching dealers' eyes at the October High Point Market. For more coverage, see Furniture/Today's Nov. 2 print issue. When you're done viewing the photos in this Slideshow, more images of hot introductions also are available on the Furniture/Today Web site by clicking here.
The High Point Market is marking its 100th anniversary this April.
To help celebrate this milestone, Furniture/Today presents some pictorial
highlights of the past 100 years.
