U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 0-21479
CUSIP NUMBER: 019892108
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q and Form
10-QSB [ ] Form N-SAR For Period Ended: March 31, 2000
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 20-F [ ]
Transition Report on Form 11-K [ ] Transition Report on Form 10-Q [ ] Transition
Report on Form N-SAR For the Transition Period Ended:
Read Attached Instruction Sheet Before Preparing Form.Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
Part I--Registrant Information
Full Name of Registrant ALLSTAR SYSTEMS, INC.
Former Name if Applicable NOT APPLICABLE
Address of Principal Executive Office
(Street and Number) 6401 SOUTHWEST FREEWAY
City, State and Zip Code HOUSTON, TEXAS 77074
Part II--Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [ 23,047], the
following should be completed. (Check box if appropriate)
[x] (b) The subject annual report, semi-annual report, transition report
on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will
be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition
report on Form 10-Q, or portion thereof will be filed on or before the
fifth calendar day following the prescribed due date; and [Amended in
Release No. 34-26589 ( 72,435), effective April 12, 1989, 54 F.R.
10306.]
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Part III--Narrative
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period. (Attach Extra Sheets if
Needed)
Response:
On March 16, 2000 the Registrant entered into an agreement to sell certain
assets of its IT Division and the ongoing operations of its Computer Products
Division, subject to obtaining stockholder approval and other required consents.
This transaction is expected to close on May 19, 2000. As a result of the timing
of this transaction the Registrant needs additional time to comply with the
provisions of APB Opinion 30 and cannot timely file its Form 10-Q without
unreasonable expense and effort. The Registrant anticipates that the operations
of this operating segment through the measurement date, March 16, 2000, will
be reported as discontinued operations in the Registrant's Form 10-Q, along
with the gain on disposal.
Part IV--Other Information
(1) Name and telephone number of person to contact in regard to this
notification
JAMES H. LONG (713) 795-2000
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s). [X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[X] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
Response:
As discussed in Part III above, the Registrant has entered into an agreement to
sell certain assets and an operating segment subject to shareholder approval
and other conditions to closing and expects this transaction to close in the
second quarter. However, as a result of the presentation of this transaction
on the Registrant's financial statements prior to its consummation, in
accordance with APB Opinion 30, revenues for the fiscal quarter ended March 31,
2000 are anticipated to be $5,984,000 as compared to $4,318,000 in the same
quarter of the previous year. The operations of the disposed segment will
be reported as income from discontinued operations of $302,000. The gain on
the sale of that segment will be reported as gain on disposal of $5,091,000.
ALLSTAR SYSTEMS, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date MAY 15, 2000 By: /s/James H. Long
James H. Long, President and CEO
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.
