

[Federal Register: November 1, 2005 (Volume 70, Number 210)]
[Notices]               
[Page 65938]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01no05-116]                         

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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-08610]

 
Issuer Delisting; Notice of Application of SBC Communications 
Inc. To Withdraw Its Common Stock, $1.00 Par Value, From Listing and 
Registration on the Pacific Exchange, Inc.

October 25, 2005.
    On September 22, 2005, SBC Communications Inc., a Delaware 
corporation (``Issuer''), filed an application with the Securities and 
Exchange Commission (``Commission''), pursuant to Section 12(d) of the 
Securities Exchange Act of 1934 (``Act'') \1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its common stock, $1.00 par value 
(``Security''), from listing and registration on the Pacific Exchange, 
Inc. (``PCX'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Board of Directors (``Board'') of the Issuer approved a 
resolution on July 23, 2003 to, among other things, authorize certain 
officers of the Issuer to list or delist any of the Issuer's securities 
on or from any United States or foreign exchange, except to delist the 
Security from the New York Stock Exchange, Inc. (``NYSE''). The Issuer 
stated that the following reasons factored into its decision to 
withdraw the Security from PCX. First, the Issuer stated that the 
Security only infrequently trades on Archipelago Exchange (``ArcaEx''), 
the trading facility of PCX. Over the past 12 months, shares of the 
Security traded on ArcaEx represented 1.2% of the total shares of the 
Security traded on all national exchanges. Substantially all of the 
Security is traded on NYSE and in the over-the-counter market. Second, 
the Issuer intends to continue listing the Security on NYSE. The 
Security is registered under Section 12(b) of the Act,\3\ and the 
Issuer is subject to the periodic and current reporting requirements 
under Section 13 of the Act.\4\ Third, the continued listing of the 
Security is costly and unjustified, in the Issuer's opinion, in light 
of the limited trading volume of the Security.
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78m.
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    The Issuer stated in its application that it has complied with 
applicable rules of PCX by complying with all applicable laws in the 
State of Delaware, the state in which the Issuer is incorporated, and 
by providing PCX with the required documents governing the withdrawal 
of securities from listing and registration on PCX. The Issuer's 
application relates solely to the withdrawal of the Security from 
listing on PCX and shall not affect its continued listing on NYSE or 
the Chicago Stock Exchange, Inc., (``CHX''),\5\ or its obligation to be 
registered under Section 12(b) of the Act.\6\
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    \5\ On September 22, 2005, the Issuer filed an application with 
the Commission to withdraw the Security from listing and 
registration on CHX. Notice of such application will be published 
separately.
    \6\ 15 U.S.C. 781(b).
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    Any interested person may, on or before November 15, 2005, comment 
on the facts bearing upon whether the application has been made in 
accordance with the rules of PCX, and what terms, if any, should be 
imposed by the Commission for the protection of investors. All comment 
letters may be submitted by either of the following methods:

Electronic Comments

     Send an e-mail to rule-comments@sec.gov. Please include 
the File Number 1-08610 or;

Paper Comments

     Send paper comments in triplicate to Jonathan G. Katz, 
Secretary, Securities and Exchange Commission, 100 F Street, 
NE.,Washington, DC 20549-9303.

All submissions should refer to File Number 1-08610. This file number 
should be included on the subject line if e-mail is used. To help us 
process and review your comments more efficiently, please use only one 
method. The Commission will post all comments on the Commission's 
Internet Web site (http://www.sec.gov/rules/delist.shtml). Comments are 

also available for public inspection and copying in the Commission's 
Public Reference Room. All comments received will be posted without 
change; we do not edit personal identifying information from 
submissions. You should submit only information that you wish to make 
available publicly.
    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.\7\
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    \7\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
 [FR Doc. E5-6019 Filed 10-31-05; 8:45 am]

BILLING CODE 8010-01-P
