Item 3.01 Notice of Delisting or Failure to satisfy a continued
Listing Rule or Standard; Transfer of Listing

On October 22, 2008, Meade Instruments Corp. (the "Company") received notification that NASDAQ has suspended, for a three month period, the enforcement of the rule requiring a minimum bid price of publicly held shares. The Company will now have until May 11, 2009 to achieve compliance with the rule.

On August 6, 2008, the Company received a Staff Deficiency Letter from The NASDAQ Stock Market indicating that for the last 30 consecutive trading days, the Company's publicly held shares had closed below the minimum $1.00 per share requirement under Marketplace Rule 4450(a)(5).

On October 16, 2008, NASDAQ implemented a temporary suspension of enforcement of Marketplace Rule 4450(a)(5) until Friday, January 16, 2009, due to the volatility of current market conditions. As a result of the temporary suspension, NASDAQ informed the Company that its deadline for compliance with Marketplace Rule 4450(a)(5) has been extended from February 2, 2009 to May 11, 2009.

During this interim period, the Company's common stock is expected to continue to trade on The NASDAQ Global Market. If compliance with Marketplace Rule 4450(a)(5) cannot be demonstrated by May 11, 2009, the Company's Common Stock will be subject to delisting from The NASDAQ Global Market.

The full text of the Company's notification from The NASDAQ Stock Market is filed with this report as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

Exhibit No. Exhibit Title or Description 99.1 Letter to Meade Instruments Corp. from The NASDAQ National Market, dated October 22, 2008.

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