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

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers