HP Withdraws From Nasdaq; Remains On NYSEHP Withdraws From Nasdaq; Remains On NYSE

Hewlett-Packard on Friday withdrew its common stock listing from the Nasdaq Global Select Market.

The Palo Alto, Calif.-based company announced in a written statement that its common stock will continue to be listed on the New York Stock Exchange. "HP has decided to withdraw its listing from Nasdaq to reduce the costs of exchange listing fees and administrative burdens associated with a dual listing," the release stated.

A company spokesman also said in the release that they do not believe that withdrawing its listing from Nasdaq will have any impact on the liquidity of its stock.

HP is a giant in the PC manufacturer world, with revenue totaling $91.7 billion for the four fiscal quarters ended Oct. 31, 2006.