[Federal Register Volume 63, Number 87 (Wednesday, May 6, 1998)]
[Notices]
[Page 25129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11988]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application to Withdraw from Listing 
and Registration; (Oryx Technology Corp., Common Stock, $0.001 Par 
Value; Common Stock Warrants) File No. 1-12680

April 30, 1998.
    Oryx Technology Corp. (``Company'') has filed an application with 
the Securities and Exchange Commission (``Commission''), pursuant to 
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule 
12d2-2(d) promulgated thereunder, to withdraw the above specified 
securities (``Securities'') from listing and registration on the 
Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Securities 
from listing and registration include the following:
    The Securities of the Company have been listed for trading on the 
Exchange and, pursuant to a Registration Statement of Form 8-A, 
effective on April 5, 1994, the National Association of Securities 
Dealers Automated Quotation System (``NASDAQ''). Trading in the 
Company's Securities on the NASDAQ commenced at the opening of business 
on April 6, 1994, and concurrently therewith on the PCX.
    The Company has complied with Exchange Rule 3.4(b) by filing with 
the Exchange a certified copy of the resolutions adopted by the 
Company's Board of Directors authorizing the withdrawal of the 
Securities from listing and registration on the PCX and by setting 
forth in detail to the Exchange the reasons for and facts supporting 
the proposed delisting. In deciding to withdraw its Securities from 
listing and registration of the PCX, the Company considered the direct 
and indirect costs and expenses attendant on maintaining the dual 
listing of its Securities on the NASDAQ and the PCX. The Company does 
not see any particular advantage in the dual trading of its Securities 
and believes that dual listing will fragment the market for its 
Securities.
    By letter, the Exchange informed the Company that it has no 
objection to the withdrawal of the Company's Securities from listing 
and registration on the PCX.
    By reason of Section 12 of the Act and the rules and regulations 
thereunder, the Company shall continue to be obligated to file reports 
under Section 13 of the Act with the Commission.
    Any interested person may, on or before May 21, 1998, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, N.W., Washington, D.C. 20549, facts bearing upon whether 
the application has been made in accordance with the rules of the 
Exchange and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 98-11988 Filed 5-5-98; 8:45 am]
BILLING CODE 8010-01-M