<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99_1-f8kforgent061404.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
                                                                         EX-99.1

For Immediate Release                                           FORGENT NETWORKS



Press contact:  Nelson Duffle                Investor contact:  Michael Noonan
512.437.2532                                 512.437.2476
nelson_duffle@forgent.com                    michael_noonan@forgent.com

           Forgent Announces Results for the 2004 Fiscal Third Quarter

AUSTIN,  Texas,  Jun.  14,  2004 -  Forgent/TM/  Networks  (Nasdaq:  FORG) today
announced  the results of the 2004 fiscal third  quarter  ending April 30, 2004.
Highlights for the quarter include:

o    Initiated  litigation  against 31 technology  companies for infringement of
     United  States  Patent  No.  4,698,672  (the  '672  Patent)

o    Achieved a significant reduction in operating expenses from the 2004 fiscal
     second  quarter  with  additional  reductions  planned  for the 2004 fiscal
     fourth quarter

o Grew NetSimplicity software revenues by more than 50% sequentially

o    Maintained healthy cash balances

"Forgent  initiated  litigation  against some of the largest  global  technology
firms  during  the  quarter.  We took this step after  seeking to reach  license
agreements with these  companies.  We are committed to developing and protecting
all of our  assets,  and will devote the  efforts  necessary  to prevail in this
litigation,"  said Richard  Snyder,  chairman and CEO of Forgent.  "We have also
moved quickly to reduce  headcount and expenses to reflect our go-forward  focus
on intellectual property licensing and the NetSimplicity product line. This will
be a  smaller,  lighter-weight  company  that  will  only  invest  where  we see
profitable growth."

Fiscal  Third  Quarter  Results.
Revenues were $0.8 million for the 2004 fiscal third  quarter,  compared to $6.6
million for the 2004 fiscal second quarter,  due to lower intellectual  property
and  software  revenues.  The  company  initiated  a  significant  reduction  in
headcount  in the third  quarter  due to the  implementation  of a new  software
business  model,  which requires less staff.  As of the end of the third quarter
Forgent had approximately 44 full time employees,  a 58% reduction since the end
of the 2004 fiscal second quarter.  As a result,  Forgent was required to take a
$0.6 million  restructuring  charge related to employee  severance  payments and
certain lease payments.

Including the effects of the charge,  the net loss was $4.4 million or $0.18 per
share  for the  third  fiscal  quarter  of  2004.  Cash,  cash  equivalents  and
short-term  investments were  approximately  $21 million at the end of the third
quarter of 2004.

Intellectual  Property.
The intellectual  property  program  revenues  decreased to $0.3 million for the
fiscal third quarter of 2004 compared to $5.8 million for the second  quarter of
fiscal 2004. As an evolution of the Company's intellectual property program, and
as always  anticipated  by Forgent,  after working  actively to license the '672
Patent,  Forgent has initiated  litigation against 31 companies for infringement
of the '672 Patent in the United States District Court for the Eastern  District
of Texas,  Marshall Division.  Over the last two years the intellectual property
business has generated  approximately $90 million from licensing the '672 Patent
to 30 different companies in Asia, Europe and the United States. The '672 Patent
relates to digital  image  compression,  and fields of use  include  any digital
still  image  device  used to  compress,  store,  manipulate,  print or transmit
digital still images such as digital cameras.  However,  the '672 Patent extends
beyond  digital  cameras and includes  many digital  still image devices such as
personal digital assistants, cellular telephones,  printers, scanners, and other
devices used to compress,  store,  manipulate,  print or transmit  digital still
images.  Forgent has the  exclusive  right to license and enforce all the claims
under  the '672  Patent in all  fields  of use  involving  digital  still  image
compression.

Software.  Software  revenues  were $0.5 million for the third quarter of fiscal
2004  compared  to $0.8  million  for the  second  quarter of fiscal  2004.  The
decrease is due to lower ALLIANCE/TM/  revenues as Forgent realigns its software
sales focus to the NetSimplicity product line, which has shown significant sales
growth.  In addition,  NetSimplicity's  telesales model is a more cost efficient
distribution  approach that  streamlines the
<PAGE>

purchase process and simplifies the overall sale.  Forgent's  software  division
offerings include Meeting Room Manager, it's flagship product that provides room
scheduling capabilities.

Although the company continues to see interest in ALLIANCE(TM), the interest has
not been sufficient to meet sales targets.  Forgent will continue to support the
software and its  customers and will  determine  the future of the  ALLIANCE(TM)
Scheduler and Media Manager over the next few months. The company is focusing on
NetSimplicity's Meeting Room Manager, which is the strategic scheduling platform
of the future.

Outlook.
Subsequent to the end of the third  quarter,  Forgent has  continued  efforts to
license the '672 Patent and expects to recover  additional  license  revenues in
the fourth fiscal  quarter of 2004 based on results  achieved in this quarter to
date.  As a  result,  Forgent  anticipates  that  there  will be  additional  IP
licensing  revenues during the pendency of the recently filed patent litigation,
although  predicting  the  timing and  amounts  will be  complicated  because of
licensing  negotiations  and  the  pending  litigation.  Forgent  believes  that
NetSimplicity software revenue for the fourth fiscal quarter of 2004 will grow.

"We will  continue our efforts to license and enforce the '672 Patent,  with the
objective  of  achieving  significant  license  revenues in the  future,"  added
Snyder. "We will focus on revenue,  profitability,  and managing our expenses so
that we improve our cash  position.  As we grow cash we will look for attractive
opportunities to expand the business."

Conference Call and Webcast
Forgent has scheduled a conference  call with the investment  community for Mon,
Jun.  14,  2004,  at 10:00 a.m.  CT (11:00  a.m.  ET) to discuss the quarter and
outlook.

To participate, dial 888-482-0024 ten minutes before the conference call begins,
ask for  the  Forgent  event,  and use a pass  code of  13144208.  International
callers  should dial  617-801-9702  and use a pass code of 13144208.  Investors,
analysts,  media and the general public will also have the opportunity to listen
to the conference call over the Internet by visiting the investor relations page
of Forgent's  web site at  www.forgent.com.  To listen to the live call,  please
visit the web site at least 15 minutes  early to register,  download and install
any necessary audio software. For those who cannot listen to the live broadcast,
a replay will be available shortly after the call on the investor relations page
of our web site at www.forgent.com.

About Forgent
Forgent(TM) Networks (Nasdaq:  FORG) develops and licenses intellectual property
and  provides  scheduling  software to a wide  variety of  customers.  Forgent's
intellectual property licensing program is related to communication technologies
developed  from a diverse  and  growing  patent  portfolio.  Forgent's  software
division,  NetSimplicity provides a spectrum of scheduling software that enables
all sizes of  organizations  to streamline the scheduling of people,  places and
things. For additional information please visit www.forgent.com.

Safe Harbor
This release may include projections and other  forward-looking  statements that
involve a number of risks  and  uncertainties  and as such,  actual  results  in
future periods may differ  materially from those currently  expected or desired.
Some of the factors that could cause actual results to differ materially include
changes in the general  economy and the  technology  industry,  rapid changes in
technology,  sales  cycle and product  implementations,  risks  associated  with
transitioning  to a new  business  model and the  subsequent  limited  operating
history,  the possibility of new entrants into the scheduling  software  market,
the  possibility  that the market for the sale of certain  software and services
may not develop as expected, that development of these software and services may
not proceed as planned,  risks  associated with the company's  license  program,
including  risks  associated with litigation  involving  intellectual  property,
patents  and  trademarks,   merger   activities  and  acquisition   integration.
Additional  discussion  of these and other risk factors  affecting the company's
business and prospects is contained in the company's  periodic  filings with the
SEC.

                                       2
<PAGE>


                             FORGENT NETWORKS, INC.
                           CONSOLIDATED BALANCE SHEETS
                  (Amounts in thousands, except per share data)


                                                       APRIL 30,       JULY 31,
                                                         2004            2003
                                                      -----------    ----------
                                                      (UNAUDITED)

                   ASSETS
Current Assets:
  Cash and equivalents, including
    restricted cash of $650 and $730                    $  17,434    $  21,201
    at April 30, 2004 and July 31, 2003
  Short-term investments                                    3,675        3,845
  Accounts receivable, net of allowance
    for doubtful accounts of
    $145 and $0 at April 30, 2004
    and July 31, 2003                                         634        9,457
  Notes receivable, net of reserve of
    $780 and $639 at April 30, 2004 and
    July 31, 2003                                              77           74
  Prepaid expenses and other current assets                   432          415
                                                        ---------    ---------
        Total Current Assets                               22,252       34,992

Property and equipment, net                                 3,478        2,158
Intangible assets, net                                        308        5,042
Capitalized software, net                                      --        4,827
Other assets                                                  266          230
                                                        ---------    ---------
                                                        $  26,304    $  47,249
                                                        =========    =========

                LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
  Accounts payable                                      $   1,268    $   3,178
  Accrued compensation and benefits                           315          683
  Other accrued liabilities                                 1,585        1,661
  Notes payable, current position                             355          323
  Deferred revenue                                            531          281
                                                        ---------    ---------
    Total Current Liabilities                               4,054        6,126

Long-Term Liabilities:
  Deferred revenue                                             41           59
  Other long-term obligations                               2,511        1,810
                                                        ---------    ---------
    Total Long-Term Liabilities                             2,552        1,869

Stockholders' equity:
  Preferred stock, $.01 par value; 10,000 authorized;
    none issued or outstanding                                 --           --
  Common stock, $.01 par value; 40,000 authorized;
    26,581 and 26,172 shares issued; 24,860 and
    24,588 shares outstanding at April 30, 2004
    and July 31, 2003, respectively                           265          261
  Treasury stock, 1,721 and 1,584 issued at
    April 30, 2004 and July 31, 2003,
    respectively                                           (4,685)      (4,231)
  Additional paid-in capital                              264,540      263,875
  Accumulated deficit                                    (240,433)    (219,991)
  Unearned compensation                                        (3)         (28)
  Accumulated other comprehensive income                       14         (632)
                                                        ---------    ---------
    Total Stockholders' Equity                          $  19,698    $  39,254
                                                        ---------    ---------
                                                        $  26,304    $  47,249
                                                        =========    =========



<PAGE>

                             FORGENT NETWORKS, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                  (Amounts in thousands, except per share data)


<TABLE>
<CAPTION>
                                              FOR THE               FOR THE
                                         THREE MONTHS ENDED    NINE MONTHS ENDED
                                           APRIL 30,              APRIL 30,
                                      2004            2003    2004          2003
                                      --------------------    ------------------
                                          (UNAUDITED)             (UNAUDITED)
<S>                                 <C>        <C>           <C>        <C>
REVENUES:
  Software and professional         $   549    $  1,134      $  2,341   $  3,379
      services
 Intellectual property licensing        267      12,150         8,937     25,618
 Other ........................          --          97            22        566
                                      -----     -------        ------     ------
     Total revenues                     816      13,381        11,300     29,563

COST OF SALES:
  Software and professional             269         945         6,719      2,418
    services
Intellectual property licensing         134       6,075         4,469     12,809
Other                                    --          77            24        497
                                      ------    -------        ------     ------
    Total cost of sales                 403       7,097        11,212     15,724

GROSS MARGIN                             413      6,284            88     13,839

OPERATING EXPENSES:
  Selling, general and administrative  3,292      2,459         9,708      8,025
  Research and development               918        901         3,152      2,784
  Amortization of intangible assets       12         --            29         --
  Restructuring Charge                   628         --           628         --
  Impairment of assets                    --      1,211         6,989        712
                                      ------     ------        ------     ------
    Total operating expenses           4,850      4,571        20,506     11,521

(LOSS) INCOME FROM OPERATIONS         (4,437)     1,713       (20,418)     2,318

OTHER INCOME (EXPENSES):
  Interest income                         49         37           164        123
  Foreign currency translation           (22)        --          (655)        --
  Interest expense and other              (6)       (36)         (106)      (75)
                                      -------     ------      --------    ------
    Total other income (expenses)          21           1        (597)        48

(LOSS) INCOME FROM CONTINUING
 OPERATIONS, BEFORE INCOME TAXES       (4,416)      1,714     (21,015)     2,366
    Provision for income taxes             --         (59)         --        (69)
                                      --------    -------     --------   -------
(LOSS) INCOME FROM CONTINUING
OPERATIONS                             (4,416)      1,655     (21,015)     2,297

  Income from discontinued operations,     --          68          --      1,666
     net of income taxes
 Income on disposal,                       --          --         573        --
     net of income taxes
                                       --------    -------     --------   -------
INCOME FROM DISCONTINUED
OPERATIONS, NET OF INCOME TAXES            --          68         573      1,666
                                       --------    ------      --------   ------
NET (LOSS) INCOME                     $ (4,416)   $  1,723    $(20,442) $  3,963
                                       ========    =======     ========   ======

BASIC AND DILUTED (LOSS)
INCOME PER SHARE:
 (Loss) income from
 continuing operations                $   (0.18)  $   0.07   $   (0.85)  $  0.09
                                       ==========    =====    =========   ======
Income from discontinued              $    0.00   $   0.00   $     0.02  $  0.07
  operations
                                       ==========   =======   =========   =====
Net (loss) income                     $   (0.18)  $   0.07   $    (0.83) $ 0.16
                                        =========   =======   =========   =====

WEIGHTED AVERAGE SHARES OUTSTANDING:
     Basic                                24,802     24,629     24,679    24,693
     Diluted                              24,802     24,715     24,679    25,144
</TABLE>



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