13F-HR 1 cannell13f02-1q.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter March 31, 2002 Ended: ---------------- Check here if Amendment [|_|]; Amendment Number:________ This Amendment (Check only one.): [] is a restatement. [] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Cannell Capital LLC ------------------------------------- Address: 150 California Street ------------------------------------- San Francisco, CA 94111 ------------------------------------- ------------------------------------- Form 13F File Number: 28- 6453 -------- The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: J. Carlo Cannell ------------------------------------- Title: Managing Member ------------------------------------- Phone: 415-835-8300 ------------------------------------- Signature, Place, and Date of Signing: /s/ J. Carlo Cannell San Francisco, CA 5/14/2002 ------------------------ ------------------------- ---------- [Signature] [City, State] [Date] Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 -------------- Form 13F Information Table Entry 95 Total: -------------- Form 13F Information Table value $ 890,505 Total: -------------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE CANNELL CAPITAL LLC Managed Assets as of 03/31/2002 -------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 -------------------------------------------------------------------------------- NAME OF ISSUER TITLE OF CUSIP VALUE SHS OR SH/ PUT/ CLASS (x$1000) PRN AMT PRN CALL -------------------------------------------------------------------------------- 3TEC ENERGY CORP COMMON 88575r308 11,896 697,700 SH ADEPT TECHNOLOGY INC COMMON 006854103 2,209 736,200 SH ALDILA INC. COMMON 014384101 1,277 1,520,050 SH AMCOL INTERNATIONAL CORP COMMON 02341w103 9,241 1,527,500 SH AMERICAN CAPITAL STRATEGIES COMMON 024937104 10,415 336,400 SH ASCENTIAL SOFTWARE CORP COMMON 04362p108 11,180 2,903,800 SH BOSTON COMMUNICATIONS GROUP COMMON 100582105 13,606 1,580,200 SH CARPARTS TECHNOLOGIES INC COMMON 9eq05dii2 - 4,274 SH CASCADE CORP COMMON 147195101 11,735 832,300 SH CENTERSPAN COMMUNICATIONS CORP COMMON 152012100 432 60,000 SH COLUMBUS MCKINNON CORP COMMON 199333105 10,260 801,600 SH COMTECH TELECOMM CORP NEW (+) COMMON 205826209 6,968 659,180 SH CONCORD CAMERA CORP COMMON 206156101 7,650 849,100 SH CONRAD INDUSTRIES INC COMMON 208305102 4,199 831,500 SH CONSOLIDATED GRAPHICS INC COMMON 209341106 8,207 412,400 SH CURATIVE HEALTH SERVICES INC COMMON 231264102 9,644 903,800 SH DAVOX CORP COMMON 239208101 8,050 1,006,200 SH DITECH COMMUNICATIONS CORP COMMON 25500m103 9,344 2,090,300 SH ENNIS BUSINESS FORMS INC COMMON 293389102 15,153 1,239,000 SH FUNDTECH LTD COMMON m47095100 1,091 245,200 SH GENCORP INC COMMON 368682100 15,784 1,004,100 SH GLOBAL POWER EQUIPMENT INC COMMON 37941p108 10,972 879,900 SH HERBALIFE INTERNATIONAL CL-B COMMON 426908307 9,640 706,200 SH HOOPER HOLMES INC COMMON 439104100 23,550 2,245,000 SH HUGOTON ROYALTY TRUST UNITS COMMON 444717102 11,267 940,500 SH HYPERION SOLUTIONS COMMON 44914m104 9,764 361,500 SH ICO INC DEP SHS REPSTG 1/4 COMMON 449293307 444 45,890 SH IMAGISTICS INTERNATIONAL INC COMMON 45247t104 13,997 880,300 SH INFOUSA INC UNIT BEN 456818301 6,246 818,600 SH INSITUFORM TECHNOLOGIES INC COMMON 457667103 10,540 417,100 SH INTER PARFUMS INC COMMON 458334109 7,923 1,009,275 SH INTERLINQ SOFTWARE CORP COMMON 458753100 1,729 961,100 SH JACK HENRY & ASSOC INC COMMON 426281101 14,248 642,400 SH JOY GLOBAL INC COMMON 481165108 13,555 831,600 SH KEY ENERGY SERVICES INC COMMON 492914106 19,101 1,781,800 SH KEYNOTE SYSTEMS INC COMMON 493308100 20,141 2,078,500 SH LADISH COMPANY (NEW) COMMON 505754200 3,925 352,000 SH MAPICS INC COMMON 564910107 16,263 2,134,200 SH MEDQUIST INC COMMON 584949101 8,574 285,800 SH MERCURY COMPUTER SYSTEMS INC COMMON 589378108 9,284 290,500 SH METASOLV INC COMMON 59139p104 4,773 633,900 SH MOBIUS MANAGEMENT SYSTEMS,INC COMMON 606925105 4,439 1,675,000 SH MRO SOFTWARE INC COMMON 55347w105 6,964 559,800 SH MULTEX.COM COMMON 625367107 10,024 2,212,700 SH NATIONAL RESEARCH CORP COMMON 637372103 4,982 714,200 SH NEW HORIZONS WORLDWIDE INC COMMON 645526104 1,366 113,900 SH OPINION RESEARCH CORP COMMON 683755102 3,905 650,889 SH OPTICAL COMMUNICATION PRODS COMMON 68382t101 989 352,100 SH ORPHAN MEDICAL INC COMMON 687303107 7,465 574,200 SH PACTIV CORPORATION COMMON 695257105 19,790 988,500 SH PC-TEL INC COMMON 69325q105 13,269 1,534,000 SH PEDIATRIC SVCS OF AMERICA COMMON 705323103 6,321 579,900 SH PINNACLE SYSTEMS INC COMMON 723481107 10,952 1,374,100 SH PRIDE INTERNATIONAL INC COMMON 74153q102 21,363 1,343,600 SH PRIME MED SVCS INC (NEW) COMMON 74156d108 2,060 271,800 SH QUALITY SYSTEMS INC COMMON 747582104 7,233 474,900 SH RADCOM LTD COMMON m81865103 2,039 1,359,240 SH RANGE RESOURCES CORPORATION COMMON 75281a109 21,172 4,079,300 SH S I TECHNOLOGIES INC COMMON 783978109 647 404,300 SH SHERWIN-WILLIAMS CO COMMON 824348106 1,057 37,100 SH SOUTHWESTERN ENERGY CO. COMMON 845467109 18,841 1,497,700 SH SPECTRALINK CORP COMMON 847580107 12,845 1,281,900 SH SPECTRUM CONTROL INC COMMON 847615101 8,963 1,325,486 SH SPORTS AUTHORITY COMMON 849176102 24,562 2,135,800 SH STEWART & STEVENSON SVCS COMMON 860342104 12,951 669,300 SH STEWART ENTERPRISES INC COMMON 860370105 13,336 2,233,500 SH THE CATO CORPORATION CLASS A COMMON 149205106 16,848 756,200 SH THE FIRST YEARS INC COMMON 337610109 6,601 543,300 SH TIMBERLINE SOFTWARE CORP COMMON 887134104 10,422 1,467,900 SH TRICO MARINE SERVICES INC COMMON 896106101 9,325 1,063,300 SH TRIMBLE NAVIGATION LTD COMMON 896239100 13,474 810,200 SH U S PHYSICAL THERAPY INC COMMON 90337l108 14,883 824,550 SH UNIVERSAL ELECTRS INC COMMON 913483103 1,267 86,500 SH VCA ANTECH, INC. COMMON 918194101 13,863 1,026,900 SH VIRTUAL COMMUNITIES INC COMMON 92825d101 2 258,900 SH VISX, INC. COMMON 92844s105 24,016 1,359,900 SH WASHINGTON GROUP INTERNATIONAL COMMON 938862208 12,980 677,100 SH GREAT PLAINS ENERGY INC PFD 391164308 222 3,500 SH PPL ELEC. UTILS CORP PFD 69351u301 107 1,550 SH UNION ELECT. CO PFD 906548508 181 2,600 SH BROADBAND TECH CORP CV 111309ac4 - 1,750,000 SH LECHTERS INC CVT SUB DEB CV u52323aa7 34 6,835,000 SH OGDEN CORP CONV SUB DEBS CV 676346ac3 1,075 2,500,000 SH S3 INCORPORATED SUB NT CONV CV 784849ac5 9,660 11,500,000 SH CENTRAL GARDEN & PET CO SUB NT CV 153527ac0 8,762 10,071,000 SH SIMULA INC SR SUB NOTES CONV CV 829206ab7 3,293 4,450,000 SH PREMIERE TECHNOLOGIES SUB NT CV 74058fac6 4,785 5,765,000 SH AMERITRADE HOLDINGS CORP CV 03072hab5 13,986 16,851,000 SH INTEGRAT PROCESS EQUIP CV BD CV 45812kad0 11,092 24,112,000 SH CONEXANT SYSTEMS CV 207142af7 16,383 25,800,000 SH E TRADE GROUP INC CV 269246ab0 21,465 26,500,000 SH TERAYON COMMUNICATION SYS CV 880775ac5 5,831 8,450,000 SH AMAZON.COM SUB DEB CONV CV 023135af3 21,960 36,000,000 SH NEXTEL COMMUNICATIONS INC. CV 65332vbc6 11,006 20,010,000 SH ASPECT TELECOMMUNICATION CV 045237ae4 15,176 47,425,000 SH CANNELL CAPITAL LLC Managed Assets as of 03/31/2002 -------------------------------------------------------------------------- COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8 -------------------------------------------------------------------------- INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER DISCRETION MGRS SOLE SHARED NONE -------------------------------------------------------------------------- # OF EACH TYPE 3TEC ENERGY CORP SOLE 613,500 84,200 ADEPT TECHNOLOGY INC SOLE 624,000 112,200 ALDILA INC. SOLE 1,323,050 197,000 AMCOL INTERNATIONAL CORP SOLE 1,303,700 223,800 AMERICAN CAPITAL STRATEGIES SOLE 297,700 38,700 ASCENTIAL SOFTWARE CORP SOLE 2,536,200 367,600 BOSTON COMMUNICATIONS GROUP SOLE 1,390,700 189,500 CARPARTS TECHNOLOGIES INC SOLE 4,274 CASCADE CORP SOLE 702,400 129,900 CENTERSPAN COMMUNICATIONS CORP SOLE 50,400 9,600 COLUMBUS MCKINNON CORP SOLE 681,800 119,800 COMTECH TELECOMM CORP NEW (+) SOLE 580,807 78,373 CONCORD CAMERA CORP SOLE 746,800 102,300 CONRAD INDUSTRIES INC SOLE 722,700 108,800 CONSOLIDATED GRAPHICS INC SOLE 366,415 45,985 CURATIVE HEALTH SERVICES INC SOLE 759,000 144,800 DAVOX CORP SOLE 859,500 146,700 DITECH COMMUNICATIONS CORP SOLE 1,854,600 235,700 ENNIS BUSINESS FORMS INC SOLE 1,095,000 144,000 FUNDTECH LTD SOLE 209,900 35,300 GENCORP INC SOLE 883,900 120,200 GLOBAL POWER EQUIPMENT INC SOLE 739,100 140,800 HERBALIFE INTERNATIONAL CL-B SOLE 586,100 120,100 HOOPER HOLMES INC SOLE 1,960,100 284,900 HUGOTON ROYALTY TRUST UNITS SOLE 935,800 4,700 HYPERION SOLUTIONS SOLE 309,700 51,800 ICO INC DEP SHS REPSTG 1/4 SOLE 45,890 IMAGISTICS INTERNATIONAL INC SOLE 766,700 113,600 INFOUSA INC SOLE 690,800 127,800 INSITUFORM TECHNOLOGIES INC SOLE 367,100 50,000 INTER PARFUMS INC SOLE 845,825 163,450 INTERLINQ SOFTWARE CORP SOLE 753,812 207,288 JACK HENRY & ASSOC INC SOLE 569,300 73,100 JOY GLOBAL INC SOLE 726,800 104,800 KEY ENERGY SERVICES INC SOLE 1,542,600 239,200 KEYNOTE SYSTEMS INC SOLE 1,846,500 232,000 LADISH COMPANY (NEW) SOLE 295,600 56,400 MAPICS INC SOLE 1,862,100 272,100 MEDQUIST INC SOLE 258,500 27,300 MERCURY COMPUTER SYSTEMS INC SOLE 244,000 46,500 METASOLV INC SOLE 541,600 92,300 MOBIUS MANAGEMENT SYSTEMS,INC SOLE 1,467,399 207,601 MRO SOFTWARE INC SOLE 472,300 87,500 MULTEX.COM SOLE 1,964,500 248,200 NATIONAL RESEARCH CORP SOLE 588,140 126,060 NEW HORIZONS WORLDWIDE INC SOLE 96,000 17,900 OPINION RESEARCH CORP SOLE 561,007 89,882 OPTICAL COMMUNICATION PRODS SOLE 296,800 55,300 ORPHAN MEDICAL INC SOLE 481,653 92,547 PACTIV CORPORATION SOLE 867,700 120,800 PC-TEL INC SOLE 1,287,483 246,517 PEDIATRIC SVCS OF AMERICA SOLE 493,600 86,300 PINNACLE SYSTEMS INC SOLE 1,169,200 204,900 PRIDE INTERNATIONAL INC SOLE 1,182,918 160,682 PRIME MED SVCS INC (NEW) SOLE 228,300 43,500 QUALITY SYSTEMS INC SOLE 417,500 57,400 RADCOM LTD SOLE 1,163,940 195,300 RANGE RESOURCES CORPORATION SOLE 3,556,930 522,370 S I TECHNOLOGIES INC SOLE 404,300 SHERWIN-WILLIAMS CO SOLE 31,200 5,900 SOUTHWESTERN ENERGY CO. SOLE 1,329,889 167,811 SPECTRALINK CORP SOLE 1,131,200 150,700 SPECTRUM CONTROL INC SOLE 1,175,286 150,200 SPORTS AUTHORITY SOLE 1,885,900 249,900 STEWART & STEVENSON SVCS SOLE 591,900 77,400 STEWART ENTERPRISES INC SOLE 1,987,100 246,400 THE CATO CORPORATION CLASS A SOLE 648,200 108,000 THE FIRST YEARS INC SOLE 451,800 91,500 TIMBERLINE SOFTWARE CORP SOLE 1,277,830 190,070 TRICO MARINE SERVICES INC SOLE 939,900 123,400 TRIMBLE NAVIGATION LTD SOLE 703,200 107,000 U S PHYSICAL THERAPY INC SOLE 728,500 96,050 UNIVERSAL ELECTRS INC SOLE 76,567 9,933 VCA ANTECH, INC. SOLE 1,026,900 VIRTUAL COMMUNITIES INC SOLE 258,900 VISX, INC. SOLE 1,212,300 147,600 GREAT PLAINS ENERGY INC SOLE 3,500 PPL ELEC. UTILS CORP SOLE 1,550 UNION ELECT. CO. SOLE 2,600 WASHINGTON GROUP INTERNATIONAL SOLE 571,000 106,100 BROADBAND TECH CORP SOLE 1,750,000 - LECHTERS INC CVT SUB DEB SOLE 5,641,300 1,193,700 OGDEN CORP CONV SUB DEBS SOLE 2,074,300 425,700 S3 INCORPORATED SUB NT CONV SOLE 9,903,900 1,596,100 CENTRAL GARDEN & PET CO SUB NT SOLE 8,931,000 1,140,000 SIMULA INC SR SUB NOTES CONV SOLE 3,953,300 496,700 PREMIERE TECHNOLOGIES SUB NT SOLE 4,960,900 804,100 AMERITRADE HOLDINGS CORP SOLE 14,667,300 2,183,700 INTEGRAT PROCESS EQUIP CV BD SOLE 21,433,287 2,678,713 CONEXANT SYSTEMS SOLE 22,548,700 3,251,300 E TRADE GROUP INC SOLE 22,603,400 3,896,600 TERAYON COMMUNICATION SYS SOLE 7,065,300 1,384,700 AMAZON.COM SUB DEB CONV SOLE 31,737,700 4,262,300 NEXTEL COMMUNICATIONS INC. SOLE 17,383,000 2,627,000 ASPECT TELECOMMUNICATION SOLE 41,743,900 5,681,100