-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LW4totkiKzyf0lRttGUWNOfq58VY8wXiE0Dek8bdkCJlmDX4+Nns1rGtaloG6s+u NlyhJWeR3OAOAsVdbMjGbQ== 0001005477-99-006041.txt : 19991229 0001005477-99-006041.hdr.sgml : 19991229 ACCESSION NUMBER: 0001005477-99-006041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991222 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NETWORK EQUIPMENT TECHNOLOGIES INC CENTRAL INDEX KEY: 0000752431 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 942904044 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10255 FILM NUMBER: 99781851 BUSINESS ADDRESS: STREET 1: 6500 PASEO PADRE PARKWAY CITY: FREMONT STATE: CA ZIP: 94555 BUSINESS PHONE: 5107137300 MAIL ADDRESS: STREET 1: 800 SAGINAW DRIVE CITY: REDWOOD CITY STATE: CA ZIP: 94063 8-K 1 FORM 8-K Page one of five pages. Exhibit Index is on Page four. ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 22, 1999 NETWORK EQUIPMENT TECHNOLOGIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-15323 94-2904044 -------- ------- ---------- (State or Other (Commission File Number) (IRS Employer Jurisdiction of Identification No.) Incorporation) 6500 Paseo Padre Parkway, Fremont, California 94555 --------------------------------------------------- (Address of Principal Executive Offices) (510) 574-2792 -------------- (Registrant's Telephone Number, Including Area Code) [Not Applicable] ---------------- (Former Name or Former Address, if Changed Since Last Report.) Item 5. Other Events On December 22, 1999, N.E.T. announced that revenue for its fiscal third quarter ending December 26, 1999 is expected to fall short of expectations, down 15% to 20% sequentially from the second quarter. The Company cited two significant factors impacting the shortcoming: 1) year 2000 concerns and subsequent network lockdowns of its many multinational customers; and 2) delayed finalization of the U.S. federal budget. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits 99.1 Network Equipment Technologies, Inc. Press Release dated December 22, 1999. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATED: December 28, 1999 NETWORK EQUIPMENT TECHNOLOGIES, INC. By: /s/ Hubert Whyte ------------------------------ Name: Hubert Whyte Title: Chief Executive Officer 3 EXHIBIT INDEX Page No. in Sequentially Exhibit No. Description Numbered Current Report - ----------- ----------- ----------------------- 99.1 Network Equipment Technologies, Inc. 5 Press Release dated December 22, 1999. 4 EX-99.1 2 PRESS RELEASE FOR IMMEDIATE RELEASE: Media Contacts: John Batty, C.F.O. (510) 574-2450 Brenda Ropoulos (510) 574-2508 N.E.T. Expects Revenue Shortfall Fremont, CA., December 22, 1999 -- N.E.T. (NYSE: NWK) announced today that revenue for its fiscal third quarter ending December 26, 1999 is expected to fall short of expectations, down 15-20% sequentially from the second quarter. The company cites two significant factors impacting the shortcoming: year 2000 concerns and the subsequent network lockdown of its many multinational customers, as well as the delayed finalization of the U.S. federal budget. The federal government represents a substantial portion of the company's business. About N.E.T. Network Equipment Technologies, Inc. (N.E.T.), headquartered in Fremont, CA, is a leading worldwide supplier of multiservice wide area networks used by service providers, government organizations and enterprises in more than 75 countries. N.E.T. multiservice WANs and ATM products integrate voice, data, and video traffic with ATM, frame relay, IP and ISDN capabilities. The company is certified to the worldwide ISO 9001 standard for design, manufacturing and service. Join us at the first address in networking: http://www.net.com for further information. # # # N.E.T. is a trademark and the N.E.T. logo is a registered trademark of Network Equipment Technologies, Inc. 5 -----END PRIVACY-ENHANCED MESSAGE-----