-----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,
 IFkW1OLjENfDni+2ZC2x+CvTONvMSUybt97Y76wEYLwWGp/Uie2yD9WEFG+GR4gr
 Or5wrhDHmXxPrOcG55Pt1g==

<SEC-DOCUMENT>0001102624-07-000064.txt : 20070301
<SEC-HEADER>0001102624-07-000064.hdr.sgml : 20070301
<ACCEPTANCE-DATETIME>20070301090150
ACCESSION NUMBER:		0001102624-07-000064
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070301
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070301
DATE AS OF CHANGE:		20070301

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:		07660614

	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 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: March     01, 2007</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>
<br>

<p>
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;  99.1 &nbsp; &nbsp; &nbsp; <a href="forgentnetworksinc8.htm">Press Release of Forgent Networks, Inc. dated March     01, 2007</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: March     01, 2007<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 March     01, 2007</td>
</tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>forgentnetworksinc8.htm
<DESCRIPTION>FORGENT NETWORKS PRESS RELEASE
<TEXT>

<p></p>
<b>Forgent Announces Results for the 2007 Fiscal Second Quarter</b>
<p>Company Reports $1.3M in Profit and Software Revenue Growth of 86% for 2007 Fiscal Second Quarter Over 2006 Fiscal Second Quarter</p>
<p>AUSTIN, TX -- 03/01/2007 --  Forgent&#8482; Networks (NASDAQ: FORG) today
announced results for the 2007 fiscal second quarter ended Jan. 31, 2007.
For the quarter, the company reported net income of approximately $1.3
million. Highlights for the quarter include:
<pre>
- --  Grew NetSimplicity software revenue 86% over the quarter one year ago
    and 6% over the prior quarter
- --  Realized $2.9M in cash from a patent sale to Tandberg Telecom AS.
- --  Grew cash and investments from $15.0M to $18.0M, an increase of 20%
    over the prior quarter
- --  Held operating expenses to $2.7M, essentially flat with the prior
    quarter
- --  Increased working capital from $14.1M to approximately $15.1M, an
    increase of 7% over the prior quarter
- --  Achieved profitability for the second consecutive quarter
    </pre>
"We see continued progress with respect to the litigation of the '746
patent and are encouraged by the recent claims construction ruling and that
the May 2007 trial remains on schedule. Additionally, we are pleased with
the continued growth of our NetSimplicity software business and we remain
optimistic about the continued growth prospects for this business,"
commented Richard Snyder, chairman and CEO of Forgent.
</p>
<p>
Intellectual Property
</p>
<p>
U.S. Patent No. 6,285,746 (the '746 Patent)
</p>
<p>
Forgent has litigation pending against 12 companies for infringement of its
'746 Patent in the United States District Court for the Eastern District of
Texas, Tyler Division. A jury trial is scheduled for May 2007. The '746
Patent relates to a computer controlled video system that allows playback
during recording.
</p>
<p>
Software
</p>
<p>
NetSimplicity software revenue increased by 6% to over $1 million for the
second quarter of fiscal 2007, as compared to the prior quarter. This was
the fourth consecutive quarter of revenue growth for NetSimplicity.
NetSimplicity's growth can be attributed to several factors including an
overall strong performance by the sales organization, the growing customer
base investing further with additional purchases and upgrades, and a
growing average sales price due to the penetration of larger accounts.
</p>
<p>
Fiscal Second Quarter Results
</p>
<p>
Revenue was approximately $1.0 million for the 2007 fiscal second quarter
compared to $9.1 million for the 2007 fiscal first quarter. Overall
operating expenses of $2.7 million increased by approximately $50,000 from
the prior quarter. The company reported net income of $1.3 million or $0.05
per share for the second fiscal quarter of 2007, as compared to net income
$2.7 million or $0.11 per share for the first quarter of 2007. Cash and
investments were $18.0 million for the quarter.
</p>
<p>
Outlook
</p>
<p>
Forgent expects to generate additional IP licensing revenue in 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. In addition, we believe NetSimplicity will continue to be a
growth business for Forgent.
</p>
<p>
Conference Call and Webcast
</p>
<p>
Forgent has scheduled a conference call with the investment community for
Thu, Mar 1, 2007, at 10:00 a.m. CT (11:00 a.m. ET) to discuss the quarter
and outlook. To take part, dial 888-396-2356 ten minutes before the
conference call begins, ask for the Forgent event, and use a pass code of
77953307. International callers should dial 617-847-8709 and use a pass
code of 77953307. 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 relation's 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 and asset management software to a wide
variety of organizations. Forgent's intellectual property licensing program
is related to communication technologies developed from its patent
portfolio. Forgent's software division, NetSimplicity, develops software
that simplifies day-to-day office administration tasks. The products are
specifically designed for the management and scheduling of rooms,
equipment, assets and resources. 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.
                    CONSOLIDATED BALANCE SHEETS
            (Amounts in thousands, except per share data)


                                        JANUARY 31,           JULY 31,
                                           2007                2006
                                    ------------------  ------------------
                                        (UNAUDITED)

ASSETS
Current Assets:
  Cash and cash equivalents,
   including restricted cash of $0
   and $543 at January 31, 2007 and
   July 31, 2006                    $           16,489  $           16,206
  Short-term investments                         1,527                  --
  Accounts receivable, net of
   allowance for doubtful
   accounts of $6 and $13 at
   January 31, 2007 and
   July 31, 2006, respectively                     710                 714
  Prepaid expenses and other
   current assets                                  278                 274
                                    ------------------  ------------------
    Total Current Assets                        19,004              17,194

Property and equipment, net                        619                 788
Intangible assets, net                              --                   4
Other assets                                         3                   3
                                    ------------------  ------------------
                                    $           19,626  $           17,989
                                    ==================  ==================

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
  Accounts payable                 $             1,390 $             3,631
  Accrued compensation and benefits                563                 547
  Other accrued liabilities                      1,104                 907
  Notes payable, current position                   --                 313
  Deferred revenue                                 842                 683
                                    ------------------  ------------------
    Total Current Liabilities                    3,899               6,081

Long-Term Liabilities:
  Deferred revenue                                   7                  11
  Other long-term obligations                    1,349               1,777
                                    ------------------  ------------------
     Total Long-Term Liabilities                 1,356               1,788

Stockholders' Equity:
  Preferred stock, $.01 par value;
   10,000 authorized; none
   issued or outstanding                            --                  --
  Common stock, $.01 par value;
   40,000 authorized; 27,386 and
   27,163 shares issued; 25,596
   and 25,373 shares outstanding
   at January 31, 2007 and
   July 31, 2006, respectively                     274                 271
  Treasury stock at cost, 1,790
   issued at January 31, 2007 and
   July 31, 2006                                (4,815)             (4,815)
  Additional paid-in capital                   265,619             265,406
  Accumulated deficit                         (246,707)           (250,754)
  Accumulated other comprehensive
   income                                           --                  12
                                    ------------------  ------------------
    Total Stockholders' Equity                  14,371              10,120
                                    ------------------  ------------------
                                    $           19,626  $           17,989
                                    ==================  ==================



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


                                      FOR THE               FOR THE
                                 THREE MONTHS ENDED     SIX MONTHS ENDED
                                     JANUARY 31,          JANUARY 31,
                                  2007       2006       2007       2006
                                ---------  ---------  ---------  ---------
                                    (UNAUDITED)           (UNAUDITED)
REVENUES:
  Intellectual property
   licensing                    $      28  $   3,805  $   8,162  $   6,722
  Software and services             1,017        546      1,979      1,277
                                ---------  ---------  ---------  ---------
    Total revenues                  1,045      4,351     10,141      7,999

COST OF SALES:
  Intellectual property
   licensing                            3      2,080      3,543      4,167
  Software and services               192        198        502        392
                                ---------  ---------  ---------  ---------
    Total cost of sales               195      2,278      4,045      4,559

GROSS MARGIN                          850      2,073      6,096      3,440

OPERATING EXPENSES:
  Selling, general and
   administrative                   2,539      2,477      5,039      5,159
  Research and development            132        170        248        301
  Amortization of intangible
   assets                              --          6          4         17
                                ---------  ---------  ---------  ---------
    Total operating expenses        2,671      2,653      5,291      5,477

(LOSS) INCOME FROM OPERATIONS      (1,821)      (580)       805     (2,037)

OTHER INCOME AND (EXPENSES):
  Interest income                     234        134        390        232
  Gain on sale of assets            2,896         --      2,896         --
  Interest expense and other          (11)       (29)       (44)       (46)
                                ---------  ---------  ---------  ---------
    Total other income and
     (expenses)                     3,119        105      3,242        186

INCOME (LOSS) FROM OPERATIONS,
 BEFORE INCOME TAXES                1,298       (475)     4,047     (1,851)
  Provision for income taxes           --         (5)        --        (10)
                                ---------  ---------  ---------  ---------

NET INCOME (LOSS)               $   1,298  $    (480) $   4,047  $  (1,861)
                                =========  =========  =========  =========

BASIC AND DILUTED INCOME (LOSS)
 PER SHARE:
  Net income (loss)             $    0.05  $   (0.02) $    0.16  $   (0.07)
                                =========  =========  =========  =========
WEIGHTED AVERAGE SHARES
 OUTSTANDING:
  Basic                            25,489     25,238     25,435     25,208
  Diluted                          25,489     25,238     25,435     25,208
</pre>

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

Media contact:
Lauren Peters
512.794.8600
lauren@petersgrouppr.com</a>


</pre>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
