-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001102624-06-000157.txt : 20060607
<SEC-HEADER>0001102624-06-000157.hdr.sgml : 20060607
<ACCEPTANCE-DATETIME>20060607091727
ACCESSION NUMBER:		0001102624-06-000157
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060607
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060607
DATE AS OF CHANGE:		20060607

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORGENT NETWORKS  INC
		CENTRAL INDEX KEY:			0000884144
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				742415696
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20008
		FILM NUMBER:		06890615

	BUSINESS ADDRESS:	
		STREET 1:		108 WILD BASIN RD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746
		BUSINESS PHONE:		5124372700

	MAIL ADDRESS:	
		STREET 1:		108 WILD BASIN RD
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78746

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VTEL CORP
		DATE OF NAME CHANGE:	19960401

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIDEO TELECOM CORP
		DATE OF NAME CHANGE:	19960401
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>forgent8k.htm
<DESCRIPTION>FORGENT NETWORKS INC. 8-K
<TEXT>
<table cellpadding="3" border="0" cellspacing="0" width="100%">
<tr><td>
</td></tr>
</table>
<center>
<table border=0 cellpadding=3 cellspacing=0>
<tr><td align="center"><br><br>
<B>UNITED STATES</B><br>
<B>SECURITIES AND EXCHANGE COMMISSION</B><br>
Washington, D.C. 20549<p>
<hr size=1>
<p><b>FORM 8-K<p>
CURRENT REPORT
<p>
Pursuant to Section 13 or 15(d) of the<br>Securities Exchange Act of 1934.
</td>
</tr>
</table>
<p>
<b>
<table border=0 cellpadding=0 cellspacing=0>
<tr><td colspan=5 align=center>
<b>Date of Report: June      07, 2006</b><br>
(Date of earliest event reported)<br><br>
</td></tr>
<tr><td colspan=5 align=center>
<b>Forgent Networks Inc</b><br>
(Exact name of registrant as specified in its charter)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align=center colspan=2 width="40%" valign="top">
<b>TX</b><br>
(State or other jurisdiction <br>of incorporation)
</td>
<td align=center width="20%" valign="top">
<b>0-20008</b><br>
(Commission File Number)
</td>
<td align=center colspan=2 width="40%" valign="top">
<b>74-2415696</b><br>
(IRS Employer <br>Identification Number)
</td>
</tr>
<tr><td colspan=5><br></td></tr>
<tr>
<td align="center" colspan=2>
<b>108 Wild Basin Rd</b><br>
(Address of principal executive offices)
</td>
<td>&nbsp;</td>
<td align="center" colspan=2>
<b>78746</b><br>
(Zip Code)
</td>
</tr>
<tr><td colspan=5 align=center><br>
<b>512-437-2700</b><br>(Registrant's telephone number, including area code)
</td></tr>
<tr><td colspan=5><br></td></tr>
<tr><td colspan=5 align=center>
<b>Not Applicable</b><br>(Former Name or Former Address, if changed since last report)<br>
</td></tr>
</table>
</center>
<br><br>
</b>
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<br>
<dl>
 <dd><font face="wingdings">o</font> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
 <dd><font face="wingdings">o</font> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

  <br>
 <dd><font face="wingdings">o</font> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

  <br>
</dl>
<hr size=1>
<table width=100%>
<tr><td width="100%">
<b>Item 9.01. Financial Statements and Exhibits</b></b><br>
<br><b>(a) Financial statements:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(b) Pro forma financial information:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(c) Shell company transactions:</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  None<br>
<b>(d) Exhibits</b><br>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  99.1 &nbsp; &nbsp; &nbsp; <a href="forgentnetworksinc8.htm">Press Release of Forgent Networks Inc dated June      07, 2006</a></b>
<p>
<p>
<hr size=1>
<b><center>SIGNATURE</center></b>
<p>
&nbsp; &nbsp; &nbsp; Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
              signed on its behalf by the undersigned hereunto duly authorized.<p>
</td></tr>
</table>
<br>
<table>
<tr>
<td width="50%" valign=top>
Dated: June      07, 2006<br>
</td>
<td>
<b>FORGENT NETWORKS INC</b>
<p>
By: <u>&nbsp;/s/ Jay Peterson &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u> <br>
&nbsp; &nbsp; &nbsp;Jay Peterson<br>
&nbsp; &nbsp; &nbsp;<i>Chief Financial Officer</i><br>
</td></tr>
</table>
<hr>
<center>
<table border=0 width="100%">
<tr><td colspan=2>
<center><b>Exhibit Index</b></center>
</td>
</tr>
<tr>
<td width=50% align=center><b><u>Exhibit No.</u></b></td>
<td width=50% align=center><b><u>Description</u></b></td>
</tr>
<tr>
<td align=center>99.1</td>
<td align=center>Press Release of Forgent Networks Inc dated June      07, 2006</td>
</tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>forgentnetworksinc8.htm
<DESCRIPTION>FORGENT NETWORKS INC. PRESS RELEASE
<TEXT>

<p></p>
<b>Forgent Announces the Results for the 2006 Fiscal Third Quarter</b>
<p>AUSTIN, TX -- 06/07/2006 --  Forgent&#8482; Networks (NASDAQ: FORG) today
announced results for the 2006 fiscal third quarter ended Apr. 30, 2006.
During the quarter, the company reported total revenues of approximately
$2.5 million.  Highlights for the quarter include:
<pre>
- --  Total revenues of $2.5M
- --  Intellectual property revenues of $1.9M
- --  NetSimplicity software revenues of $0.6M, an increase of 18% over
    prior quarter
- --  Operating expenses of $2.7M, essentially flat with prior quarter
- --  Ending cash and cash equivalents of approximately $14.6M
    </pre>
"We continue to be pleased with the intellectual property program. We
continue to license the '672 patent and we see progress with respect to the
litigation of both the '672 and '746 Patents. The addition of the law firms
of Hagans Burdine and Bracewell &amp; Giuliani to the '746 team has made a
significant contribution to the program," said Richard Snyder, chairman and
CEO of Forgent.
</p>
<p>
Intellectual Property
</p>
<p>
The intellectual property business generated revenues of approximately $1.9
million for the third quarter of fiscal 2006, compared to $3.8 million for
the second quarter of 2006.  This past quarter, 1 new intellectual property
license was signed.
</p>
<p>
U.S. Patent No. 4,698,672 (the '672 Patent)
</p>
<p>
Forgent has litigation pending against approximately 29 companies for
infringement of its '672 Patent in the United States District Court for the
Northern District of California.  The '672 Patent relates to digital image
compression used in digital image devices that compress, store, manipulate,
print or transmit digital images such as digital cameras, personal digital
assistants, cellular telephones, printers, scanners, and certain software
applications.  Since the start of litigation, 14 defendants have entered
into license or settlement agreements.
</p>
<p>
U.S. Patent No. 6,285,746 (the '746 Patent)
</p>
<p>
Forgent has pending litigation against approximately 12 companies for
infringement of its '746 Patent in the United States District Court for the
Eastern District of Texas, Marshall Division.  The '746 Patent relates to a
computer controlled video system, allowing playback during recording.
</p>
<p>
Since its inception approximately four years ago, Forgent's intellectual
property program has generated more than $110 million in revenues from
licensing the '672 Patent to more than 60 different companies in Asia,
Europe and the United States.  The company's patent portfolio includes the
combined inventions of Compression Labs, Inc., VTEL Corporation, and
Forgent Networks, Inc.
</p>
<p>
Software
</p>
<p>
NetSimplicity software revenues increased by approximately 18% to $0.6
million for the third quarter of fiscal 2006, compared to $0.5 million for
the second quarter of fiscal 2006.
</p>
<p>
NetSimplicity increased its customers to more than 2,100 worldwide.  The
company provides a low-cost, high-value software application to small and
medium businesses and divisions of large enterprises.  NetSimplicity sells
Meeting Room Manager, Visual Asset Manager and Resource Scheduler, via its
low-cost e-marketing and telesales model.
</p>
<p>
Fiscal Third Quarter Results
</p>
<p>
Revenue was $2.5 million for the fiscal third quarter compared to $4.4
million for the 2006 fiscal second quarter, reflecting the inherent
unpredictability of intellectual property licensing revenues.  Overall
operating expenses were approximately $2.7 million, essentially flat with
the prior quarter.  The company had a net loss of $1.4 million or $0.06 per
share for the third fiscal quarter of 2006, compared to a net loss of $0.5
million or $0.02 per share for the second quarter of 2006.  Cash and cash
equivalents were approximately $14.6 million.
</p>
<p>
Outlook
</p>
<p>
Forgent expects to continue to generate licensing revenues in the 2006
fiscal year and the 2007 fiscal year.  However, predicting the timing and
amounts will be complicated because of the uncertainty of licensing
negotiations and due to the ongoing litigation.
</p>
<p>
Conference Call and Webcast
</p>
<p>
Forgent has scheduled a conference call with the investment community for
Wed, Jun. 7, 2006, at 10:00 a.m. CT (11:00 a.m. ET) to discuss the quarter
and outlook.  To take part, dial 866-825-3308 ten minutes before the
conference call begins, ask for the Forgent event, and use a pass code of
60785663.  International callers should dial 617-213-8062 and use a pass
code of 60785663.  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.
</p>
<p>
About Forgent
</p>
<p>
Forgent&#8482; 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.
</p>
<p>
Safe Harbor
</p>
<p>
This release may include projections and other forward-looking statements
that involve a number of risks and uncertainties, and actual results in
future periods may differ materially from those currently expected. Some of
the factors that could cause actual results to differ materially include
changes in the general economy or in our 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 our software markets, the
possibility that the market for the sale of certain software and services
may not develop as expected; or that development of these software and
services may not proceed as planned; the risks associated with the
company's license program, and including risks of litigation involving
intellectual property, patents and trademarks.  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.
<pre>
                                FORGENT NETWORKS, INC.
                         CONDENSED CONSOLIDATED BALANCE SHEETS
                    (Amounts in thousands, except per share data)

                                                        APRIL 30, JULY 31,
                                                           2006     2005
                                                         -------- --------
                                                       (UNAUDITED)

                         ASSETS
Current Assets:
  Cash and cash equivalents,
   including restricted cash of $650
   at April 30, 2006 and July 31, 2005                   $ 14,610 $ 15,861
  Short-term investments                                       --    1,487
  Accounts receivable, net of allowance for doubtful
   accounts of $11 and $10 at April 30, 2006
     and July 31, 2005, respectively                          724      471
  Prepaid expenses and other current assets                   335      266
                                                         -------- --------
         Total Current Assets                              15,669   18,085

Property and equipment, net                                 1,076    1,957
Intangible assets, net                                         10       33
Other assets                                                   15       27
                                                         -------- --------
                                                         $ 16,770 $ 20,102
                                                         ======== ========
          LIABILITIES AND STOCKHOLDERS&#146; EQUITY
Current Liabilities:
  Accounts payable                                       $  2,092 $  1,856
  Accrued compensation and benefits                           463      590
  Other accrued liabilities                                   922    1,209
  Notes payable, current position                             352      355
  Deferred revenue                                            615      517
                                                         -------- --------
        Total Current Liabilities                           4,444    4,527

Long-Term Liabilities:
  Deferred revenue                                             14        4
  Other long-term obligations                               1,958    2,280
                                                         -------- --------
        Total Long-Term Liabilities                         1,972    2,284

Stockholders&#146; Equity:
   Preferred stock, $.01 par value; 10,000
    authorized; none issued or outstanding
   Common stock, $.01 par value; 40,000 authorized;
    27,163 and 26,967 shares issued; 25,373 and 25,177
    shares outstanding at April 30, 2006 and July 31, 2005,
    respectively                                              271      269
   Treasury stock at cost, 1,790 issued at April 30, 2006
    and July 31, 2005                                     (4,815)   (4,815)

     Additional paid-in capital                           265,378  265,020
     Accumulated deficit                                 (250,492)(247,199)
     Accumulated other comprehensive income                    12       16
                                                         -------- --------
        Total Stockholders&#146; Equity                         10,354   13,291
                                                         -------- --------
                                                         $ 16,770 $ 20,102
                                                         ======== ========



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

                                           FOR THE
                                         THREE MONTHS        FOR THE
                                             ENDED       NINE MONTHS ENDED
                                           APRIL 30,         APRIL 30,
                                         2006     2005     2006     2005
                                       -------- -------- -------- --------
                                         (UNAUDITED)       (UNAUDITED)
REVENUES:
  Intellectual property licensing      $  1,891 $    665 $  8,613 $  7,628
  Software and services                     647      488    1,924    1,400
                                       -------- -------- -------- --------
    Total revenues                        2,538    1,153   10,537    9,028

COST OF SALES:
  Intellectual property licensing         1,147      970    5,314    5,451
  Software and services                     213      294      604      709
                                       -------- -------- -------- --------
    Total cost of sales                   1,360    1,264    5,918    6,160

GROSS MARGIN                              1,178     (111)   4,619    2,868

OPERATING EXPENSES:
  Selling, general and administrative     2,561    4,047    7,721   10,197
  Research and development                  153       79      454      236
  Amortization of intangible assets           6       12       23       36
                                       -------- -------- -------- --------

    Total operating expenses              2,720    4,138    8,198   10,469

LOSS FROM OPERATIONS                     (1,542)  (4,249)  (3,579)  (7,601)

OTHER INCOME AND (EXPENSES):
  Interest income                           128      115      360      285
  Interest expense and other                (12)      (4)     (58)     (29)
                                       -------- -------- -------- --------
    Total other income and (expenses)       116      111      302      256

LOSS FROM CONTINUING OPERATIONS,
 BEFORE INCOME TAXES                     (1,426)  (4,138)  (3,277)  (7,345)
  Provision for income taxes                 (5)      (7)     (15)     (12)
                                       -------- -------- -------- --------
LOSS FROM CONTINUING OPERATIONS          (1,431)  (4,145)  (3,292)  (7,357)

  Loss from discontinued operations, net
   of income taxes                           --     (143)      --     (631)
  (Loss) gain on disposal, net of income
   taxes                                     --       (3)      --    4,315
                                       -------- -------- -------- --------
INCOME FROM DISCONTINUED
OPERATIONS, NET OF INCOME TAXES              --     (146)      --    3,684
                                       -------- -------- -------- --------

NET (LOSS) INCOME                      $ (1,431)$ (4,291)$ (3,292)$ (3,673)
                                       ======== ======== ======== ========

BASIC AND DILUTED (LOSS) INCOME PER
 SHARE:
  Loss from continuing operations      $  (0.06)$  (0.17)$  (0.13)$  (0.30)
                                       ======== ======== ======== ========
  Income from discontinued operations  $   0.00 $   0.00 $   0.00 $   0.15
                                       ======== ======== ======== ========
  Net (loss) income                    $  (0.06)$  (0.17)$  (0.13)$  (0.15)
                                       ======== ======== ======== ========
WEIGHTED AVERAGE SHARES OUTSTANDING:
  Basic                                  25,372   24,927   25,262   24,910
  Diluted                                25,372   24,927   25,262   24,910

</pre>

</p>
<pre>
Investor contact:
Jay Peterson
512.437.2476
jay_peterson@forgent.com</a>

Media contact:
Lee Higgins
512.794.8600
lee@petersgrouppr.com</a>


</pre>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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