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Hewlett-Packard to delist from Nasdaq, shares will trade on New York Stock Exchange

PALO ALTO, Calif. (AP) -- Hewlett-Packard Co. said Friday it plans to withdraw the listing of its shares from the Nasdaq Global Select Market.

The technology giant's shares will continue to be listed on the New York Stock Exchange.

HP said it decided to withdraw its listing from the Nasdaq to reduce fees and "administrative burdens" associated with a dual listing.

The company does not think the Nasdaq withdrawal will have any affect on the liquidity of its stock.

HP shares fell 29 cents to close at $42.07 on the NYSE.

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