The Channel logo

News

By | Kelly Fiveash 20th April 2007 10:11

Bell Micro talks up record-breaking Q1

Stock options practices under review, though

Hardware distributor Bell Microproducts has said that preliminary Q1 2007 results show the company is in rude health.

It expects to see record revenue that could top $1bn, up around 15 per cent on the same quarter a year ago.

The firm also said the Nasdaq listing council has "stayed" its de-listing decision, and has given Bell until 29 June this year to submit restatements and SEC periodic reports.

Bell said a review is underway and an independent team of accounting consultants will assist a special committee of board directors "to conduct an evaluation of the company's stock option practices".

The distributor's preliminary results show Bell has performed particularly strongly in Europe, Latin America, and North America.

Computer platform and storage systems as well as the acquisition of Prosys also helped revenue grow, with solutions products and services representing more than half of all sales in the first quarter, it said.

President and CEO Donald Bell said: "In our North American operations, we experienced substantial revenue growth in our higher margin industrial and enterprise sales channels. This was partially offset by revenue decreases in our US commercial sales channel as we continue to focus on more profitable products and customers."

He added: "Our solid start to the new year gives us confidence that we are well positioned for continued growth for the balance of 2007 and beyond." ®

alert Send corrections

Opinion

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on