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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): OCTOBER 15, 1998
NATIONAL DATACOMPUTER, INC.
(Name of Small Business Issuer in its Charter)
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DELAWARE 0-15885 04-2942832
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
900 MIDDLESEX TURNPIKE, BLDG. 5
BILLERICA, MASSACHUSETTS 01821
(Address of principal executive offices) (Zip Code)
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Registrant's telephone number including area code (978) 663-7677
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ITEM 5. OTHER EVENTS
On October 15, 1998, the Company received notice from NASDAQ that its Common
Stock was delisted from the SmallCap Market and, effective immediately, will
trade on the Electronic Bulletin Board. The Company intends to appeal this
decision to a NASDAQ appeals panel. The Company anticipates that this appeal
process will take several months. There can be no assurance that the Company's
Common Stock will be relisted on the SmallCap Market following this appeal. The
Company is contesting this decision based on the fact that the Company's net
tangible assets and market float at September 30, 1998 exceeded the minimum
maintenance requirements established by NASDAQ for continued listing on the
NASDAQ SmallCap Market. Prior to such time, the Company's net tangible assets,
as reported in its form 10-Q reports for March 31, 1998 and June 30, 1998, were
below NASDAQ's minimum maintenance requirements.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NATIONAL DATACOMPUTER, INC.
(Registrant)
October 19, 1998 by: /s/ Malcolm M. Bibby
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Malcolm M. Bibby
President
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