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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
SSE TELECOM INC.
--------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
--------------------------------------------------------------------------------
(Title of Class Securities)
784652109
------------------------------------
(CUSIP Number)
December 31, 2000
-------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|X| Rule 13d-1(c)
|_| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosure provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 2 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Cannell Capital LLC
94-3366999
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
California
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 500,000
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
500,000
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
--------------------------------------------------------------------------------
Page 3 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
J. Carlo Cannell
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
USA
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 500,000
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
500,000
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC
--------------------------------------------------------------------------------
Page 4 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
The Anegada Fund Limited
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Cayman Islands
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 34,300
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
34,300
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
34,300
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
Page 5 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
The Cuttyhunk Fund Limited
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Bermuda
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 153,600
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
153,600
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
153,600
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
Page 6 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Tonga Partners, L.P.
94-3164039
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 224,500
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
224,500
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
224,500
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
Page 7 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
GS Cannell Portfolio, LLC
98-0232642
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 56,300
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
56,300
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
56,300
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.9%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO
--------------------------------------------------------------------------------
Page 8 of 13 Pages
........................
CUSIP No. 784652109
........................
--------------------------------------------------------------------------------
NAME OF REPORTING PERSONS.
1 I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
Pleiades Investment Partners, L.P.
23-2688812
--------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
2
(A) |X|
(B) |_|
--------------------------------------------------------------------------------
SEC USE ONLY
3
--------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
-------------------------------------------------------------------
NUMBER OF
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 31,300
EACH -------------------------------------------------------------------
REPORTING
PERSON WITH 7 SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
31,300
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,300
--------------------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.5%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
Page 9 of 13 Pages
Item 1.
(a) Name of Issuer
SSE Telecom Inc.
(b) Address of Issuer's Principal Executive Offices
47823 Westinghouse Drive
Fremont, CA 94539-7437
Item 2.
(a) Name of Person Filing
This statement is being filed by (i) Cannell Capital, LLC, a
California limited liability company and registered investment
adviser ("IA"), (ii) J. Carlo Cannell ("Managing Member"),
(iii) The Anegada Fund Limited ("Anegada"), (iv) The Cuttyhunk
Fund Limited ("Cuttyhunk"), (v) Tonga Partners, L.P.
("Tonga"), (vi) GS Cannell Portfolio, LLC ("GS Cannell"), and
(vii) Pleiades Investment Partners, LP ("Pleiades")
(collectively, the "Reporting Persons"). Managing Member
controls IA by virtue of Managing Member's position as
managing member and majority owner of IA.
IA's beneficial ownership of the Common Stock is direct as a
result of IA's discretionary authority to buy, sell, and vote
shares of such Common Stock for its investment advisory
clients. Managing Member's beneficial ownership of Common
Stock is indirect as a result of Managing Member's ownership
and management of IA. The beneficial ownership of Managing
Member is reported solely because Rules 13d-1(a) and (b) under
the Securities Exchange Act of 1934, as amended, require any
person who is "directly or indirectly" the beneficial owner of
more than five percent of any equity security of a specified
class to file a Schedule 13G. The answers in blocks 6, 8, 9
and 11 above and the response to item 4 by Managing Member are
given on the basis of the "indirect" beneficial ownership
referred to in such Rule, based on the direct beneficial
ownership of Common Stock by IA and the relationship of
Managing Member to IA referred to above.
Information with respect to each Reporting Person is given
solely by the respective Reporting Person, and no Reporting
Person undertakes hereby any responsibility for the accuracy
or completeness of such information concerning any other
Reporting Person.
(b) Address of Principal Business office or, if none, Residence
IA's principal business office is located at:
2500 18th Street, Third Floor, San Francisco, CA 94110
Page 10 of 13
Managing Member's principal business office is located at:
2500 18th Street, Third Floor, San Francisco, CA 94110
Anegada's principal business office is located at: c/o Goldman
Sachs (Cayman) Trust, Limited, 2nd Floor, Harbour Centre,
George Town, Cayman Islands, BWI
Cuttyhunk's principal business office is located at:
73 Front Street, Hamilton, Bermuda HM 12
Tonga's principal business office is located at:
2500 18th Street, Third Floor, San Francisco, CA 94110
GS Cannell's principal business office is located at:
701 Mount Lucas Road, CN 850, Princeton, NJ 08542
Pleiades' principal business office is located at:
6022 West Chester Pike, Newtown Square, PA 19073
(c) Citizenship
Item 4 of each cover page is incorporated by reference
(d) Title of Class Securities
Common
(e) CUSIP Number
784652109
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b),
or 240.13d-2(b) or (c), check whether the person filing is a:
(a) |_| Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) |_| Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) |_| Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
(d) |_| Investment company registered under section 8 of
the Investment Company Act (15 U.S.C. 80a-8).
(e) |_| An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).
(f) |_| An employee benefit plan or endowment fund in
accordance with Section 240.13d-1(b)(ii)(F).
(g) |_| A parent holding company or control person in
accordance with Section 240.13d-1(b)(1)(ii)(G).
(h) |_| A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) |_| A church plan that is excluded from the definition
of an investment company under section 3(c)(14) of
the Investment Company Act of 1940 (15 U.S.C.
80a-3).
(j) |_| Group in accordance with Section
240.13d-1(b)(ii)(J).
Page 11 of 13
Item 4. Ownership
Common Stock:
Items 5-9 and 11 of each cover sheet are incorporated by
reference
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class securities, check the following |_|. N/A
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
IA, a registered investment adviser, and Managing Member, the
majority owner and managing member of IA, have the right or
the power to direct the receipt of dividends from Common
Stock, and to direct the receipt of proceeds from the sale of
Common Stock to IA's investment advisory clients. No single
investment advisory client of IA owns more than 5% of the
Common Stock.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not Applicable
Item 8. Identification and Classification of Members of the Group.
See Exhibit A
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification:
(a) The following certification shall be included if
the statement is filed pursuant to Section
240.13d-1(b):
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired and are held in the ordinary
course of business and were not acquired and are
not held for the purpose of or with the effect of
changing or influencing the control of the issuer
of the securities and were not acquired and are not
held in connection with or as a participant in any
transaction having that purpose or effect.
Page 12 of 13
SIGNATURE
Date: ___________, 2001
CANNELL CAPITAL LLC
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell, Managing Member
J. CARLO CANNELL
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell
THE ANEGADA FUND LIMITED
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
THE CUTTYHUNK FUND LIMITED
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
TONGA PARTNERS, L.P.
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell, Managing Member
Cannell Capital LLC, General Partner
GS Cannell Portfolio, LLC
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
PLEIADES INVESTMENT PARTNERS, LP
/s/ Carlo Cannell
--------------------------------------------
J. Carlo Cannell, Managing Member
Cannell Capital LLC, Investment Adviser
Page 13 of 13
EXHIBIT A
-
Identification and Classification of Members of the Group
---------------------------------------------------------
Pursuant to Rule 13d-1(b)(ii)(J) and Rule 13d-1(k)(1) under the Securities and
Exchange Act of 1934, the members of the group making this joint filing are
identified and classified as follows:
Name Classification
---- --------------
Cannell Capital LLC California limited liability company,
Investment Adviser
J. Carlo Cannell Individual, control person of Cannell
Capital LLC
The Anegada Fund Limited A Cayman Islands company
The Cuttyhunk Fund Limited A Bermuda company
Tonga Partners, L.P. A Delaware limited partnership
GS Cannell Portfolio, LLC A Delaware limited liability company
Pleiades Investment Partners, LP A Delaware limited partnership