Nasdaq Market Delists Smith Technology

Smith Technology Corp., a Newport Beach-based environmental services company, said it is being delisted from the Nasdaq National Market. Nasdaq told the firm it doesn’t meet Nasdaq’s net tangible asset and bid price requirements. Smith Technology executives were unavailable for comment, but the company said in a statement that it developed plans to correct the deficiency and expects to apply for re-listing in 1997. The company said some brokers will continue to make trades of its stock through the over-the-counter bulletin board system.