NASDAQ Board Extends Conditional Listing of Bell Microproducts Stock



    SAN JOSE, Calif., Nov. 15 /CNW/ -- Bell Microproducts Inc. (Nasdaq:   BELM)
today announced that it has received the decision of the Board of Directors of
The NASDAQ Stock Market LLC granting to the Company until January 31, 2008 to
become compliant with the NASDAQ's continued listing requirements.  The
Company also announced that, as expected, it has received an additional staff
determination letter from NASDAQ stating that the Company is not in compliance
with the requirements for continued listing pursuant to NASDAQ Marketplace
Rule 4310(c)(14), due to its failure to file its Quarterly Report on Form
10-Q, for the quarter ended September 30, 2007, on a timely basis.  This staff
determination notice serves as an additional basis for delisting the Company's
common stock from trading on NASDAQ.  The Company's common stock continues to
trade on the NASDAQ Global Market under the symbol "BELM," however, after
January 31, 2008, the Company's securities are subject to be delisted from
trading.
    The Company continues to work diligently to complete its financial
restatements in order to comply with its SEC filing requirements.  As
previously announced, the Company is in the process of correcting identified
errors in its financial statements, including the accounting impacts
associated with its review of the Company's historical stock option grant
practices.  In addition to the accounting impact of its stock option review,
the Company is also reviewing its historical accounting treatment for certain
reserves, accruals, and other accounting estimates.  A committee of
independent directors has been appointed to complete this review.
    
    About Bell Microproducts
    
    Bell Microproducts is an international, value-added distributor of a wide
range of high-tech products, solutions and services, including storage
systems, servers, software, computer components and peripherals, as well as
maintenance and professional services. An industry-recognized specialist in
storage products, this Fortune 1000 company is one of the world's largest
storage-centric value-added distributors.
    Bell Microproducts is uniquely qualified with deep technical and
application expertise to service a broad range of information technology
needs. From design to deployment, its products are available at any level of
integration, from components to subsystem assemblies and fully-integrated,
tested and certified system solutions. More information can be found in the
Company's SEC filings, or by visiting the Bell Microproducts Web site at
http://www.bellmicro.com.




For further information:

For further information: Rob Damron, Investor Relations Representative
of  Bell Microproducts Inc., +1-414-224-1668, ir@bellmicro.com Web Site:
http://www.bellmicro.com

Organization Profile

BELL MICROPRODUCTS INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890