Neoforma has resumed trading under its NEOF symbol after the NASDAQ listing qualifications department confirmed that the company is in compliance with all requirements. The e-commerce company was hit with a delisting notification after it announced it would delay filing its second-quarter financial statement because of accounting questions. The questions subsequently were resolved in consultation with the Securities and Exchange Commission. Neoforma filed an amended first-quarter report and its second-quarter report last week. The restatement reflected a change in the amortization of equity issued to VHA and University HealthSystem Consortium and effectively wiped out a majority of Neoforma's revenue, although the company said it would not affect net income, operating income, cash flow or earnings per share. Neoforma is the e-commerce partner of Novation, the joint GPO of VHA and UHC. -- by Cinda Becker
Neoforma resumes trading on NASDAQ
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