13F-HR 1 cannell13f-2qtr2004.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter June 30, 2004 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, 5th Floor ------------------------------------- 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 08/13/2004 ------------------------ ------------------------- ---------- [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 71 Total: -------------- Form 13F Information Table value $ 594,727 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 6/30/2004 -------------------------------------------------------------------------------- COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 -------------------------------------------------------------------------------- TITLE OF CUSIP VALUE SHS OR SH/ PUT/ NAME OF ISSUER CLASS (x$1000) PRN AMT PRN CALL -------------------------------------------------------------------------------- ACME COMMUNICATIONS INCCMN COMMON 004631107 10,907 1,580,685 SH ACTIVCARD CORPCMN COMMON 00506j107 1,254 173,218 SH ACTUATE CORPORATIONCOMMON STOC COMMON 00508b102 10,463 2,648,964 SH ALDERWOODS GROUP INCCMN COMMON 014383103 9,767 800,575 SH ALDILA INCCMN COMMON 014384200 4,083 329,000 SH ANALYTICAL SURVEYS INCCMN COMMON 032683401 325 195,758 SH ANGELICA CORP.CMN COMMON 034663104 6,813 271,331 SH BOSTON COMMUNICATIONS GROUPCMN COMMON 100582105 4,620 450,730 SH CAPTARIS INCCMN COMMON 14071n104 5,611 868,601 SH CARRIZO OIL & GAS INCCMN COMMON 144577103 3,867 378,794 SH COMFORT SYSTEMS USA INCCOMMON COMMON 199908104 4,483 701,500 SH CONCORD CAMERA CORPCMN COMMON 206156101 3,730 1,130,257 SH CONRAD INDUSTRIES INCCMN COMMON 208305102 1,187 492,328 SH DATASTREAM SYSTEMS INCCMN COMMON 238124101 9,297 1,434,792 SH DYNAMEX INCCMN COMMON 26784f103 6,694 481,267 SH EARTHLINK, INC.CMN COMMON 270321102 12,279 1,186,341 SH FLOW INTERNATIONAL CORPCMN COMMON 343468104 98 27,310 SH FREEMARKETS, INC.CMN COMMON 356602102 7,878 1,208,349 SH FUNDTECH LTDCMN COMMON m47095100 16,594 2,084,673 SH GENERAL CABLE CORPCMN COMMON 369300108 23,825 2,786,594 SH GERBER SCIENTIFIC INCCMN COMMON 373730100 6,869 972,915 SH GLOBAL POWER EQUIPMENT INCCMN COMMON 37941p108 32,218 4,017,165 SH HORNBECK OFFSHORE SERVICES INC COMMON 440543106 4,850 371,100 SH ICO INC DEP SHS REPSTG 1/4PFD COMMON 449293307 1,498 89,290 SH INPUT/OUTPUT INCCMN COMMON 457652105 9,821 1,184,700 SH INTERTAPE POLYMER GROUP INCCMN COMMON 460919103 7,222 948,949 SH INTERWOVEN INCCMN COMMON 46114t508 11,831 1,171,433 SH IPIX CORPCMN COMMON 44982l103 174 12,454 SH KANA SOFTWARE, INC.CMN COMMON 483600300 2,887 1,213,131 SH KEY ENERGY SERVICES INCCMN COMMON 492914106 12,994 1,376,436 SH KEYNOTE SYSTEMS INCCMN COMMON 493308100 9,443 686,775 SH MAGNUM HUNTER RESOURCES INC.CM COMMON 55972f203 13,779 1,327,471 SH MDC PARTNERS INCCMN CLASS A SU COMMON 002586694 8,693 725,000 SH METALS USA INCORPORATEDCMN COMMON 591324207 5,382 301,000 SH MVC CAPITAL INC MUTUTAL FUND COMMON 553829102 16,733 1,772,600 SH NATCO GROUP INCCMN CLASS A COMMON 63227w203 6,094 790,452 SH NATIONAL PROCESSING INCCMN COMMON 637229105 7,964 277,000 SH NATIONAL RESEARCH CORPCMN COMMON 637372103 10,304 601,711 SH NUANCE COMMUNICATIONS INCCMN COMMON 669967101 6,566 1,440,000 SH NUTRACEUTICAL INTL CORPCMN COMMON 67060y101 7,019 329,381 SH OCCIDENTAL PETROLEUM CORPCMN COMMON 674599105 242 5,000 SH OHIO ART COCMN COMMON 677143109 132 14,500 SH ON-ASSIGNMENT INCCMN COMMON 682159108 9,454 1,602,404 SH OPINION RESEARCH CORPCMN COMMON 683755102 3,736 537,899 SH ORTHODONTIC CTRS AMER INCCMN COMMON 68750p103 9,864 1,204,447 SH PACIFIC INTERNET LTDCMN COMMON y66183107 6,767 735,490 SH PARAMETRIC TECHNOLOGY CORPCMN COMMON 699173100 12,767 2,553,426 SH PAYLESS SHOESOURCE INCCMN COMMON 704379106 10,755 721,348 SH PC-TEL INCCMN COMMON 69325q105 12,513 1,060,400 SH PINNACLE SYSTEMS INCCMN COMMON 723481107 11,046 1,544,881 SH PIONEER COMPANIES INCCMN COMMON 723643300 11,856 1,667,491 SH PRG-SCHULTZ INTERNATIONAL INCC COMMON 69357c107 17,545 3,207,528 SH PRIDE INTERNATIONAL INCCMN COMMON 74153q102 6,188 361,643 SH PTEK HOLDINGS INCCMN COMMON 69366m104 9,541 827,493 SH QRS CORPCMN COMMON 74726x105 5,400 826,900 SH QUANTUM CORPORATIONDLT & STORA COMMON 747906204 6,488 2,093,015 SH RADCOM LTDCMN COMMON m81865103 2,710 1,935,540 SH RANGE RESOURCES CORPORATIONCMN COMMON 75281a109 27,350 1,873,262 SH SERVICEMASTER COMPANYCMN COMMON 81760n109 8,994 730,000 SH SONICWALL INCCMN COMMON 835470105 11,150 1,296,500 SH SPECTRALINK CORPCMN COMMON 847580107 12,042 808,204 SH SPECTRUM CONTROL INCCMN COMMON 847615101 8,509 1,067,649 SH STANDARD REGISTER COCMN COMMON 853887107 5,911 496,700 SH SUNTERRA CORPCMN COMMON 86787d208 7,921 628,680 SH SUPERIOR ESSEX INCCMN COMMON 86815v105 7,895 555,977 SH TORTOISE ENERGY INFRASTRUCTURE COMMON 89147l100 6,446 281,600 SH USEC INCCMN COMMON 90333e108 9,908 1,129,754 SH VALUEVISION MEDIA INCCMN CLASS COMMON 92047k107 9,316 715,500 SH WEBMETHODS INCCMN COMMON 94768c108 12,603 1,470,616 SH EMCORE CORPORATION5.00000000 0 CV 290846ac8 3,310 3,849,000 SH INTERIM SERVICES INC CNVSUB 4 CV 45868paa8 251 250,000 SH CANNELL CAPITAL LLC Managed Assets as of 6/30/2004 -------------------------------------------------------------------------------- COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8 -------------------------------------------------------------------------------- INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER DISCRETION MGRS SOLE SHARED NONE -------------------------------------------------------------------------------- # OF EACH TYPE ACME COMMUNICATIONS INCCMN SOLE 1,424,564 156,121 ACTIVCARD CORPCMN SOLE 152,509 20,709 ACTUATE CORPORATIONCOMMON STOC SOLE 2,369,764 279,200 ALDERWOODS GROUP INCCMN SOLE 715,075 85,500 ALDILA INCCMN SOLE 285,716 43,284 ANALYTICAL SURVEYS INCCMN SOLE 195,758 - ANGELICA CORP.CMN SOLE 241,631 29,700 BOSTON COMMUNICATIONS GROUPCMN SOLE 398,331 52,399 CAPTARIS INCCMN SOLE 783,501 85,100 CARRIZO OIL & GAS INCCMN SOLE 339,794 39,000 COMFORT SYSTEMS USA INCCOMMON SOLE 617,900 83,600 CONCORD CAMERA CORPCMN SOLE 1,000,017 130,240 CONRAD INDUSTRIES INCCMN SOLE 426,846 65,482 DATASTREAM SYSTEMS INCCMN SOLE 1,294,452 140,340 DYNAMEX INCCMN SOLE 421,312 59,955 EARTHLINK, INC.CMN SOLE 1,049,441 136,900 FLOW INTERNATIONAL CORPCMN SOLE 27,310 - FREEMARKETS, INC.CMN SOLE 1,085,049 123,300 FUNDTECH LTDCMN SOLE 1,884,173 200,500 GENERAL CABLE CORPCMN SOLE 2,496,994 289,600 GERBER SCIENTIFIC INCCMN SOLE 865,573 107,342 GLOBAL POWER EQUIPMENT INCCMN SOLE 3,636,665 380,500 HORNBECK OFFSHORE SERVICES INC SOLE 327,500 43,600 ICO INC DEP SHS REPSTG 1/4PFD SOLE 86,790 2,500 INPUT/OUTPUT INCCMN SOLE 1,057,300 127,400 INTERTAPE POLYMER GROUP INCCMN SOLE 848,831 100,118 INTERWOVEN INCCMN SOLE 1,043,383 128,050 IPIX CORPCMN SOLE 10,654 1,800 KANA SOFTWARE, INC.CMN SOLE 1,092,231 120,900 KEY ENERGY SERVICES INCCMN SOLE 1,215,436 161,000 KEYNOTE SYSTEMS INCCMN SOLE 609,075 77,700 MAGNUM HUNTER RESOURCES INC.CM SOLE 1,182,671 144,800 MDC PARTNERS INCCMN CLASS A SU SOLE 646,300 78,700 METALS USA INCORPORATEDCMN SOLE 264,800 36,200 MVC CAPITAL INC MUTUAL FUND SOLE 1,604,800 167,800 NATCO GROUP INCCMN CLASS A SOLE 717,952 72,500 NATIONAL PROCESSING INCCMN SOLE 247,600 29,400 NATIONAL RESEARCH CORPCMN SOLE 559,051 42,660 NUANCE COMMUNICATIONS INCCMN SOLE 1,267,900 172,100 NUTRACEUTICAL INTL CORPCMN SOLE 289,381 40,000 OCCIDENTAL PETROLEUM CORPCMN SOLE 5,000 - OHIO ART COCMN SOLE 14,500 - ON-ASSIGNMENT INCCMN SOLE 1,432,104 170,300 OPINION RESEARCH CORPCMN SOLE 447,017 90,882 ORTHODONTIC CTRS AMER INCCMN SOLE 1,070,047 134,400 PACIFIC INTERNET LTDCMN SOLE 653,790 81,700 PARAMETRIC TECHNOLOGY CORPCMN SOLE 2,232,126 321,300 PAYLESS SHOESOURCE INCCMN SOLE 640,648 80,700 PC-TEL INCCMN SOLE 949,740 110,660 PINNACLE SYSTEMS INCCMN SOLE 1,373,981 170,900 PIONEER COMPANIES INCCMN SOLE 1,516,691 150,800 PRG-SCHULTZ INTERNATIONAL INCC SOLE 2,888,828 318,700 PRIDE INTERNATIONAL INCCMN SOLE 318,561 43,082 PTEK HOLDINGS INCCMN SOLE 729,693 97,800 QRS CORPCMN SOLE 748,100 78,800 QUANTUM CORPORATIONDLT & STORA SOLE 1,884,815 208,200 RADCOM LTDCMN SOLE 1,728,740 206,800 RANGE RESOURCES CORPORATIONCMN SOLE 1,607,973 265,289 SERVICEMASTER COMPANYCMN SOLE 644,000 86,000 SONICWALL INCCMN SOLE 1,142,000 154,500 SPECTRALINK CORPCMN SOLE 723,092 85,112 SPECTRUM CONTROL INCCMN SOLE 936,330 131,319 STANDARD REGISTER COCMN SOLE 446,400 50,300 SUNTERRA CORPCMN SOLE 558,480 70,200 SUPERIOR ESSEX INCCMN SOLE 501,377 54,600 TORTOISE ENERGY INFRASTRUCTURE SOLE 249,200 32,400 USEC INCCMN SOLE 998,654 131,100 VALUEVISION MEDIA INCCMN CLASS SOLE 628,484 87,016 WEBMETHODS INCCMN SOLE 1,317,713 152,903 EMCORE CORPORATION5.00000000 0 SOLE 3,487,000 362,000 INTERIM SERVICES INC CNVSUB 4 SOLE 250,000 -