CELLSTAR CORP
424B3, 1998-08-05
ELECTRONIC PARTS & EQUIPMENT, NEC
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Prospectus Supplement No. 9                          Registration No. 333-41753
to Prospectus dated February 11, 1998                Rule 424(b)(3)Prospectus  


               $150,000,000 5% CONVERTIBLE SUBORDINATED NOTES DUE 2002
                                         AND
                           2,882,635 SHARES OF COMMON STOCK
                                 CELLSTAR CORPORATION


     This Prospectus Supplement supplements information contained in that 
certain Prospectus of CellStar Corporation, a Delaware corporation (the 
"Company"), dated February 11, 1998, as supplemented by that certain 
Prospectus Supplement No. 1, dated February 20, 1998, that certain Prospectus 
Supplement No. 2, dated March 18, 1998, that certain Prospectus Supplement 
No. 3, dated March 26, 1998, that certain Prospectus Supplement No. 4, dated 
April 22, 1998, that certain Prospectus Supplement No. 5, dated May 4, 1998, 
that certain Prospectus Supplement No. 6, dated May 13, 1998, that certain 
Prospectus Supplement No. 7, dated June 24, 1998 and that certain Prospectus 
Supplement No. 8, dated July 20, 1998 (as supplemented, the "Prospectus"), 
relating to the offer and sale (the "Offering") (i) by certain selling 
securityholders (the "Selling Securityholders") of (a) up to $150,000,000 
aggregate principal amount of 5% Convertible Subordinated Notes due 2002 (the 
"Notes") of the Company, and (b) up to 2,710,761 shares (subject to 
adjustment) of Common Stock, par value $0.01 per share (the "Common Stock"), 
of the Company issuable upon conversion of the Notes and (ii) up to 171,874 
shares of Common Stock by a Selling Securityholder.  This Prospectus 
Supplement is not complete without, and may not be delivered or utilized 
except in connection with, the Prospectus, including any amendments or 
supplements thereto. Capitalized terms used but not defined herein have the 
meanings assigned to such terms in the Prospectus.

     The following table amends and supplements the information set forth in 
the Prospectus in the table under the caption "Selling Securityholders" with 
respect to the named Selling Securityholders and (i) the amount of Notes 
owned by the named Selling Securityholders (assuming no Notes have been sold 
since the dates on which such securityholders provided such information to 
the Company), (ii) the maximum amount of Notes which may be offered for the 
account of such Selling Securityholders under the Prospectus, as amended and 
supplemented, (iii) the amount of Common Stock owned by such Selling 
Securityholders (assuming no shares of Common Stock have been sold since the 
dates on which such securityholders provided such information to the Company) 
and (iv) the maximum amount of Common Stock which may be offered for the 
account of such Selling Securityholders under the Prospectus, as amended and 
supplemented.

<PAGE>
<TABLE>
                                        Principal Amount of
                                        Notes Owned Prior to    Principal Amount of    Common Stock Owned    Common Stock Offered
 Name of Selling Securityholder (1)           Offering          Notes Offered Hereby  Prior to Offering (2)        Hereby (3)     
 -----------------------------------    ---------------------   --------------------  ---------------------   --------------------
 <S>                                    <C>                     <C>                   <C>                     <C>
 The Common Fund FAO Absolute Return
 Fund (4)                                     $ 320,000               $ 320,000              11,564                  11,564
                                                                                                                 
 Helix Convertible Opportunities                                                                                 
 Fund Ltd. (4)                                  850,000                 850,000              30,719                  30,719
                                                                                                                 
 Helix Convertible Opportunities,                                                                                
 L.P. (4) (5)                                 1,530,000               1,530,000              55,294                  55,294
                                                                                                                 
 Shepherd Management Services (4)               130,000                 130,000               4,698                   4,698
                                                                                                                 
 Simpson Group Retirement Fund (4)              320,000                 320,000              11,564                  11,564
                                                                                                                 
 WR Investment Partners L.P. (4)                130,000                 130,000               4,698                   4,698
                                                                                                                 
 Worldwide Transactions Ltd. (4)                220,000                 220,000               7,950                   7,950
</TABLE>
- --------------------
(1)  The information set forth herein is as of (a) July 27, 1998 for each of The
     Common Fund FAO Absolute Return Fund, Helix Convertible Opportunities Fund
     Ltd. and Helix Convertible Opportunities, L.P. and (b) July 28, 1998 for
     each of Shepard Management Services, Simpson Group Retirement Fund, WR
     Investment Partners L.P. and Worldwide Transactions Ltd.
(2)  Includes the shares of Common Stock into which the Notes held by such
     Selling Securityholder are convertible at the current conversion price of
     $27.67 principal amount of Notes per share of Common Stock.  The conversion
     price and the number of shares of Common Stock issuable upon conversion of
     the Notes are subject to adjustment under certain circumstances.  See
     "Description of Notes -- Conversion of Notes."  Accordingly, the number of
     shares of Common Stock issuable upon conversion of the Notes may increase
     or decrease from time to time.  The conversion price was adjusted to $27.67
     principal amount of Notes per share of Common Stock from the initial
     conversion price of $55.335 principal amount of Notes per share of Common
     Stock to give effect to a two-for-one stock split declared on the Common
     Stock (the "Stock Split").  The Stock Split was made in the form of a
     dividend to those holders of record of Common Stock on June 5, 1998.  The
     adjustment to the conversion price became effective immediately after the
     close of business on June 5, 1998.
(3)  Assumes conversion into Common Stock of the full amount of Notes held by
     the Selling Securityholder at the current conversion price and the offering
     of such shares by such Selling Securityholder pursuant to the Registration
     Statement of which this Prospectus forms a part.  The conversion price and
     the number of shares of Common Stock issuable upon conversion of the Notes
     are subject to adjustment under certain circumstances.  See "Description of
     Notes -- Conversion of Notes." Accordingly, the number of shares of Common
     Stock issuable upon conversion of the Notes may increase or decrease from
     time to time. Fractional shares will not be issued upon conversion of the
     Notes; rather, cash will be paid in lieu of fractional shares, if any.
(4)  Helix Investment Partners, L.P., the investment advisor for such Selling
     Securityholder, has the power to vote and dispose of such securities.
(5)  Helix Investment Partners, L.P., the general partner of Helix Convertible
     Opportunities, L.P., has the power to vote and dispose of such securities.

              The date of this Prospectus Supplement is August 5, 1998.



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