[Federal Register Volume 63, Number 187 (Monday, September 28, 1998)]
[Notices]
[Pages 51631-51632]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25822]


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SECURITIES AND EXCHANGE COMMISSION


Issuer Delisting; Notice of Application To Withdraw From Listing 
and Registration; (Specialty Teleconstructors, Inc., Common Stock, $.01 
Par Value) File No. 1-13272

September 22, 1998.
    Specialty Teleconstructors, Inc. (``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 security (``Security'') from listing and 
registration on the Pacific Exchange, Inc. (``PCX'' or ``Exchange'').
    The reasons cited in the application for withdrawing the Security 
from listing and registration include the following:
    The Security is listed for trading on the PCX and the Nasdaq.
    In making the decision to withdraw its Security from listing on the 
Exchange, the Company considered the direct and indirect costs and 
expenses attendant on maintaining the dual listing of its Security on 
the Nasdaq and the PCX. The Company does not see any particular 
advantage in the dual trading of its Security and believes that dual 
listing would fragment the market for its Security.
    The Company has complied with Exchange Rule 3.4 by filing with the 
Exchange a certified copy of the resolutions adopted by the Company's 
Board of Directors authorizing the withdrawal of its Security from 
listing and registration on the Exchange and by setting forth in detail 
to the Exchange the facts and reasons supporting the proposed 
withdrawal.
    By letter dated August 5, 1998, the Exchange informed the Company 
that it

[[Page 51632]]

would not object to the withdrawal of the Company's Security from 
listing and registration on the PCX.
    This application relates solely to the withdrawal of the Company's 
Security from listing on the Exchange and has no effect upon the 
continued listing of the Security on the Nasdaq.
    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 and the Nasdaq.
    Any interested person may, on or before October 13, 1998, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 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. 98-25822 Filed 9-25-98; 8:45 am]
BILLING CODE 8010-01-M