13F-HR/A 1 cannell13f-3qtr2005.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter September 30, 2005 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 11/14/2005 ------------------------ ------------------------- ---------- [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 91 Total: -------------- Form 13F Information Table value $ 1,165,139 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 9/30/2005 -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 1-800-FLOWERS.COM CMN CLASS COMMON 68243q106 17,615 2,512,828 SH ABRAXAS PETROLEUM CORPORATIO COMMON 003830106 13,217 1,666,667 SH ACTUATE CORPORATION COMMON S COMMON 00508b102 9,007 3,560,000 SH ACUITY BRANDS INC CMN COMMON 00508y102 23,907 805,762 SH ALDERWOODS GROUP INC CMN COMMON 014383103 30,549 1,865,000 SH AMCON DISTRG CO CMN COMMON 02341q205 268 12,500 SH BADGER METER INC CMN COMMON 056525108 2,164 55,000 SH BKF CAP GROUP INC CMN COMMON 05548g102 19,331 625,000 SH CALAMP CORP CMN COMMON 128126109 8,306 1,025,400 SH CALGON CARBON CORPORATION CM COMMON 129603106 1,264 160,000 SH CANTEL MEDICAL CORP. CMN COMMON 138098108 2,356 112,000 SH CARDIAC SCIENCE CORPORATION COMMON 14141a108 11,665 1,088,129 SH CARREKER CORPORATION CMN COMMON 144433109 13,520 1,915,000 SH CHANNELL COMMERCIAL CORP CMN COMMON 159186105 3,305 353,900 SH CITIZENS FIRST BANCORP INC D COMMON 17461r106 237 11,100 SH COMFORT SYSTEMS USA INC COMM COMMON 199908104 29,293 3,325,000 SH COMMERCIAL VEHICLE GROUP, IN COMMON 202608105 2,084 99,501 SH COMMSCOPE INC CMN COMMON 203372107 4,461 257,253 SH COOPER CAMERON CORP CMN COMMON 216640102 31,051 420,000 SH COST-U-LESS INC CMN COMMON 221492101 178 29,000 SH CROWN HOLDINGS INC CMN COMMON 228368106 32,970 2,068,400 SH DRUGSTORE.COM INC CMN COMMON 262241102 17,872 4,830,144 SH ENNIS INC CMN COMMON 293389102 32,842 1,954,900 SH ENTRUST INC CMN COMMON 293848107 23,722 4,236,045 SH FIRST ALBANY COS INC CMN COMMON 318465101 182 28,000 SH FLOW INTERNATIONAL CORP CMN COMMON 343468104 8,077 1,046,283 SH FROZEN FOOD EXPRESS INDS INC COMMON 359360104 15,875 1,513,300 SH FUNDTECH LTD CMN COMMON m47095100 22,655 2,105,500 SH GENERAL CABLE CORP CMN COMMON 369300108 25,200 1,500,000 SH GERBER SCIENTIFIC INC CMN COMMON 373730100 11,002 1,403,315 SH GILAT SATELLITE NETWORKS LTD COMMON m51474118 3,597 536,939 SH GLOBAL POWER EQUIPMENT INC C COMMON 37941p108 26,625 3,734,200 SH GORMAN-RUPP CO CMN COMMON 383082104 2,405 100,000 SH GRAFTECH INTERNATIONAL LTD C COMMON 384313102 30,587 5,632,931 SH GREENFIELD ONLINE, INC. CMN COMMON 395150105 2,530 465,000 SH GRIFFON CORPORATIONCMN COMMON 398433102 4,189 170,300 SH HORNBECK OFFSHORE SERVICES I COMMON 440543106 2,875 78,500 SH ICO INC (NEW) CMN COMMON 449293109 278 95,000 SH ICO INC DEP SHS REPSTG 1/4 P COMMON 449293307 1,786 90,390 SH IKON OFFICE SOLUTIONS INC CM COMMON 451713101 29,903 2,996,300 SH INTEGRATED SILICON SOLUTION COMMON 45812p107 7,854 935,000 SH INTERSECTIONS INC. CMN COMMON 460981301 12,193 1,021,170 SH IPC HOLDINGS LTDCMN COMMON g4933p101 4,600 140,900 SH JACUZZI BRANDS INC ORD CMN COMMON 469865109 1,321 163,873 SH LAIDLAW INTERNATIONAL, INC. COMMON 50730r102 21,753 900,000 SH LAYNE CHRISTENSEN COMPANY (N COMMON 521050104 2,178 92,500 SH LENNOX INTERNATIONAL INC CMN COMMON 526107107 6,040 220,354 SH MAPINFO CORP CMN COMMON 565105103 25,029 2,043,216 SH MARKETAXESS HOLDINGS INC. CM COMMON 57060d108 20,400 1,500,000 SH MET-PRO CORPORATION CMN COMMON 590876306 2,247 144,200 SH METAL MANAGEMENT INC. CMN COMMON 591097209 13,679 539,611 SH MILACRON INC CMN COMMON 598709103 8,394 4,715,956 SH MOCON INC CMN COMMON 607494101 597 61,700 SH MONTPELIER RE HOLDINGS LTD. COMMON g62185106 22,959 923,900 SH MVC CAPITAL INC MUTUAL FUND COMMON 553829102 33,011 2,797,550 SH NAPCO SECURITY SYSTEMS INC C COMMON 630402105 12,055 883,136 SH NATCO GROUP INC CMN CLASS A COMMON 63227w203 40,497 1,599,397 SH NATIONAL RESEARCH CORP CMN COMMON 637372103 7,109 434,136 SH NETOPIA INC. CMN COMMON 64114k104 3,887 1,388,100 SH NEWPORT CORP CMN COMMON 651824104 8,915 640,000 SH NORTHWEST PIPE COMPANY CMN COMMON 667746101 1,036 40,000 SH OMNICELL INC CMN COMMON 68213n109 14,764 1,517,410 SH OPINION RESEARCH CORP CMN COMMON 683755102 4,327 652,650 SH PERMA-FIX ENVIRONMENTAL SERV COMMON 714157104 2,013 914,866 SH PHASE FORWARD INCORPORATED C COMMON 71721r406 30,744 2,812,780 SH PICO HOLDINGS INC CMN COMMON 693366205 2,038 58,000 SH PORTEC RAIL PRODUCTS, INC. C COMMON 736212101 5,125 366,859 SH PRG-SCHULTZ INTERNATIONAL IN COMMON 69357c107 17,838 5,946,036 SH PRIDE INTERNATIONAL INC CMN COMMON 74153q102 41,625 1,460,000 SH PXRE GROUP LTD CMN COMMON g73018106 13,775 1,023,400 SH QUALITY DISTRIBUTION INC CMN COMMON 74756m102 13,360 1,672,065 SH RADCOM LTD CMN COMMON m81865103 2,159 1,068,601 SH RANGE RESOURCES CORPORATION COMMON 75281a109 19,270 499,106 SH RBC BEARINGS INCORPORATEDCMN COMMON 75524b104 983 61,600 SH S1 CORPORATION CMN COMMON 78463b101 8,566 2,196,500 SH SCHNITZER STEEL INDUSTRIES,I COMMON 806882106 13,305 408,500 SH SEABRIGHT INSURANCE HLDG INC COMMON 811656107 18,671 1,442,852 SH SERVICEMASTER COMPANY CMN COMMON 81760n109 20,899 1,543,500 SH SPECTRUM CONTROL INC CMN COMMON 847615101 7,010 946,086 SH STEWART ENTERPRISES INC CLAS COMMON 860370105 25,797 3,891,003 SH STINGER SYS INC CMN COMMON 860837103 6,300 1,400,000 SH SUPERIOR ESSEX INC CMN COMMON 86815v105 25,211 1,399,842 SH SYNAGRO TECHNOLOGIES INC (NE COMMON 871562203 2,787 593,000 SH TECHNITROL INC CMN COMMON 878555101 17,465 1,140,000 SH TELULAR CORP (NEW) CMN COMMON 87970t208 5,821 1,485,000 SH THE NASDAQ STOCK MARKET, INC COMMON 631103108 21,548 850,000 SH TRX INC. CMN COMMON 898452107 16,380 1,800,000 SH XERIUM TECHNOLOGIES, INC. CM COMMON 98416j100 1,803 157,041 SH GRAFTECH INTERNATIONAL LTD1. CV 384313ab8 3,631 5,000,000 SH I2 TECHNOLOGIES INC 5.25 CV 465754af6 16,661 17,400,000 SH PRG-SCHULTZ INTERNATIONAL, I CV 69357caa5 10,560 12,244,000 SH CANNELL CAPITAL LLC Managed Assets as of 9/30/2005 -------------------------------------------------------------------------------- COLUMN 1 COLUMN 6 COLUMN 7 COLUMN 8 -------------------------------------------------------------------------------- INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER DISCRETION MGRS SOLE SHARED NONE -------------------------------------------------------------------------------- # OF EACH TYPE 1-800-FLOWERS.COM CMN CLASS A SOLE 2,070,328 442,500 ABRAXAS PETROLEUM CORPORATION SOLE 1,666,667 - ACTUATE CORPORATION COMMON STO SOLE 2,975,357 584,643 ACUITY BRANDS INC CMN SOLE 669,062 136,700 ALDERWOODS GROUP INC CMN SOLE 1,582,300 282,700 AMCON DISTRG CO CMN SOLE 12,500 - BADGER METER INC CMN SOLE 55,000 - BKF CAP GROUP INC CMN SOLE 514,600 110,400 CALAMP CORP CMN SOLE 845,300 180,100 CALGON CARBON CORPORATION CMN SOLE 160,000 - CANTEL MEDICAL CORP. CMN SOLE 112,000 - CARDIAC SCIENCE CORPORATION CM SOLE 897,512 190,617 CARREKER CORPORATION CMN SOLE 1,588,000 327,000 CHANNELL COMMERCIAL CORP CMN SOLE 353,900 - CITIZENS FIRST BANCORP INC DEL SOLE 11,100 - COMFORT SYSTEMS USA INC COMMON SOLE 2,755,200 569,800 COMMERCIAL VEHICLE GROUP, INC. SOLE 82,101 17,400 COMMSCOPE INC CMN SOLE 212,253 45,000 COOPER CAMERON CORP CMN SOLE 345,870 74,130 COST-U-LESS INC CMN SOLE 29,000 - CROWN HOLDINGS INC CMN SOLE 1,728,400 340,000 DRUGSTORE.COM INC CMN SOLE 3,991,644 838,500 ENNIS INC CMN SOLE 1,620,900 334,000 ENTRUST INC CMN SOLE 3,474,345 761,700 FIRST ALBANY COS INC CMN SOLE 28,000 - FLOW INTERNATIONAL CORP CMN SOLE 883,283 163,000 FROZEN FOOD EXPRESS INDS INC C SOLE 1,255,685 257,615 FUNDTECH LTD CMN SOLE 1,745,678 359,822 GENERAL CABLE CORP CMN SOLE 1,233,400 266,600 GERBER SCIENTIFIC INC CMN SOLE 1,181,773 221,542 GILAT SATELLITE NETWORKS LTD C SOLE 442,839 94,100 GLOBAL POWER EQUIPMENT INC CMN SOLE 3,070,203 663,997 GORMAN-RUPP CO CMN SOLE 100,000 - GRAFTECH INTERNATIONAL LTD CMN SOLE 4,667,931 965,000 GREENFIELD ONLINE, INC. CMN SOLE 383,900 81,100 GRIFFON CORPORATIONCMN SOLE 139,300 31,000 HORNBECK OFFSHORE SERVICES INC SOLE 64,800 13,700 ICO INC (NEW) CMN SOLE 95,000 - ICO INC DEP SHS REPSTG 1/4 PFD SOLE 87,390 3,000 IKON OFFICE SOLUTIONS INC CMN SOLE 2,468,317 527,983 INTEGRATED SILICON SOLUTION CO SOLE 769,700 165,300 INTERSECTIONS INC. CMN SOLE 845,170 176,000 IPC HOLDINGS LTDCMN SOLE 116,100 24,800 JACUZZI BRANDS INC ORD CMN SOLE 163,873 - LAIDLAW INTERNATIONAL, INC. CM SOLE 748,000 152,000 LAYNE CHRISTENSEN COMPANY (NAM SOLE 92,500 - LENNOX INTERNATIONAL INC CMN SOLE 181,200 39,154 MAPINFO CORP CMN SOLE 1,682,568 360,648 MARKETAXESS HOLDINGS INC. CMN SOLE 1,244,800 255,200 MET-PRO CORPORATION CMN SOLE 144,200 - METAL MANAGEMENT INC. CMN SOLE 444,711 94,900 MILACRON INC CMN SOLE 3,910,256 805,700 MOCON INC CMN SOLE 61,700 - MONTPELIER RE HOLDINGS LTD. CM SOLE 761,300 162,600 MVC CAPITAL INC MUTUAL FUND SOLE NAPCO SECURITY SYSTEMS INC CMN SOLE 724,078 159,058 NATCO GROUP INC CMN CLASS A SOLE 1,337,590 261,807 NATIONAL RESEARCH CORP CMN SOLE 381,586 52,550 NETOPIA INC. CMN SOLE 1,141,400 246,700 NEWPORT CORP CMN SOLE 527,300 112,700 NORTHWEST PIPE COMPANY CMN SOLE 40,000 - OMNICELL INC CMN SOLE 1,255,210 262,200 OPINION RESEARCH CORP CMN SOLE 536,868 115,782 PERMA-FIX ENVIRONMENTAL SERVIC SOLE 914,866 - PHASE FORWARD INCORPORATED CMN SOLE 2,318,380 494,400 PICO HOLDINGS INC CMN SOLE 58,000 - PORTEC RAIL PRODUCTS, INC. CMN SOLE 303,759 63,100 PRG-SCHULTZ INTERNATIONAL INC SOLE 4,903,355 1,042,681 PRIDE INTERNATIONAL INC CMN SOLE 1,202,755 257,245 PXRE GROUP LTD CMN SOLE 841,525 181,875 QUALITY DISTRIBUTION INC CMN SOLE 1,377,214 294,851 RADCOM LTD CMN SOLE 934,101 134,500 RANGE RESOURCES CORPORATION CM SOLE 411,413 87,693 RBC BEARINGS INCORPORATEDCMN SOLE 55,400 6,200 S1 CORPORATION CMN SOLE 1,817,600 378,900 SCHNITZER STEEL INDUSTRIES,INC SOLE 337,001 71,499 SEABRIGHT INSURANCE HLDG INC C SOLE 1,203,218 239,634 SERVICEMASTER COMPANY CMN SOLE 1,289,800 253,700 SPECTRUM CONTROL INC CMN SOLE 827,336 118,750 STEWART ENTERPRISES INC CLASS SOLE 3,204,889 686,114 STINGER SYS INC CMN SOLE 1,400,000 - SUPERIOR ESSEX INC CMN SOLE 1,157,531 242,311 SYNAGRO TECHNOLOGIES INC (NEW) SOLE 593,000 - TECHNITROL INC CMN SOLE 938,700 201,300 TELULAR CORP (NEW) CMN SOLE 1,251,202 233,798 THE NASDAQ STOCK MARKET, INC. SOLE 703,607 146,393 TRX INC. CMN SOLE 1,800,000 - XERIUM TECHNOLOGIES, INC. CMN SOLE 129,341 27,700 GRAFTECH INTERNATIONAL LTD1.625 SOLE 4,098,900 901,100 I2 TECHNOLOGIES INC 5.25 SOLE 14,538,754 2,861,246 PRG-SCHULTZ INTERNATIONAL, INC4.SOLE 10,027,300 2,216,700