Bell Micro Says It Still Can’t File Financials; Stock Plunges
Bell Microproducts (BELM) shares are sharply lower after the company disclosed in an SEC filing that it will not be able to file its 2007 10-K on time due to the pending restatement of its previous financial statements. Bell also said a special committee to review the company’s accounting for reserves and accruals is not finished its work.
As I noted yesterday, the delayed financial filings suggest the company could lose its Nasdaq listing.
Bell Micro today is down 87 cents, or 31%, to $1.94.
COMPANY SUCKS
Company really -really-really sucks and DON BELL IS A PUTZ.
Bell micro sucks big time, the take forever to get a quote back to you and it is usually wrong. Their inside sales people who provide quotes for their sales people are slow, ill-informed, and terrible at their jobs.
Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
