-----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,
 CJKzWbxnTiphbmDPTyyRxq5Ed3MYzjfZXqnWrT4JRNJ8za88UiF+vIto9LihoT4L
 Kuh35rMIudVxgbwEhhGtNQ==

<SEC-DOCUMENT>0001102624-08-000071.txt : 20080313
<SEC-HEADER>0001102624-08-000071.hdr.sgml : 20080313
<ACCEPTANCE-DATETIME>20080313093733
ACCESSION NUMBER:		0001102624-08-000071
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080313
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080313
DATE AS OF CHANGE:		20080313

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:		08685049

	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>forgentnetworks8k.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     13, 2008</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 Road</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>
Forgent Networks, Inc. Earnings Press Release
<p>
<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     13, 2008</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     13, 2008<br>
</td>
<td>
<b>FORGENT NETWORKS, INC.</b>
<p>
By: <u>&nbsp;/s/ Jay C. Peterson &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; </u> <br>
&nbsp; &nbsp; &nbsp;Jay C. 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     13, 2008</td>
</tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>forgentnetworksinc8.htm
<DESCRIPTION>FORGENT NETWORKS PRESS RELEASE
<TEXT>

<p></p>
<b>Asure Software Announces Results for the 2008 Fiscal Second Quarter</b>
<p>Software and Services Revenues Increase 46 Percent</p>
<p>AUSTIN, TX -- 03/13/2008 --  Asure Software (NASDAQ: ASUR) today announced
results for the 2008 fiscal second quarter ended January 31, 2008.
Highlights for the quarter include:
</p>
<p>
<pre>
- --  Software and services revenues increased by $0.9 million, or 46
    percent, to $2.7 million.
- --  Integration of the iEmployee workforce management software acquisition
    continued.
- --  Gross margin as a percent of revenues decreased to 77 percent.
- --  Total employee headcount decreased by 21% to 149.
- --  Availability of Mobile Workforce Manager and Visual Asset Manager for
    RFID was announced.
    </pre>
</p>
<p>
"Our business continues to grow and our strategy is on track. We continue
to watch expenses closely and work on integrating the iEmployee business we
acquired in October 2007. Our recently acquired products are responding
well to our web-based marketing model, which is clear evidence that there
is healthy demand in the marketplace for these solutions.  We believe we
have the plans in place to continue our growth in this large and expanding
workforce management market," said Richard N. Snyder, Chairman and Chief
Executive Officer of Asure Software.
</p>
<p>
Software and Services Business
</p>
<p>
Software and services revenue for the three months ended January 31, 2008
was $2.7 million, an increase of $0.9 million, or 46 percent, from the $1.9
million reported for the three months ended October 31, 2007. Revenues
include sales of the NetSimplicity scheduling and asset management
software, including Meeting Room Manager ("MRM"), Visual Asset Manager
("VAM"), and sales of the Company's iEmployee workforce management
software.  Also included in these revenues are software maintenance and
support services and professional services.  Software and services revenue
increased $1.7 million or 168% from the three months ended January 31, 2007
to the three months ended January 31, 2008.
</p>
<p>
Gross Margin
</p>
<p>
Software and services gross margin for the 2008 fiscal second quarter was
$2.1 million, an increase of $.6 million or 36 percent, versus $1.5 million
achieved for the 2008 fiscal first quarter. Gross margin as a percentage of
revenues was 77%, down slightly from historical levels, due to costs
relating to the acquisition of iEmployee. Software and services gross
margins increased $1.3 million or 148% for the three months ended January
31, 2007 versus the three months ended January 31, 2008.
</p>
<p>
Operating Expenses
</p>
<p>
Total operating expenses for the three months ended January 31, 2008, were
$3.8 million, an increase of $1 million, or 36 percent, from the 2008
fiscal first quarter. This quarter's operating expenses reflect a full
quarter of both iEmployee and NetSimplicity spending.
</p>
<p>
Net Loss
</p>
<p>
The Company reported a net loss of $1.5 million, or ($0.05) per share,
during the three months ended January 31, 2008.
</p>
<p>
Outlook
</p>
<p>
The Company continues to integrate the iEmployee operations, develop its
sales force to increase sales performance, and release new software
updates. Management believes its software and services revenues will
continue to increase. Gross margins from the segment are expected to
improve during the next fiscal quarter.  Management will continue to
evaluate additional operational synergies from the iEmployee acquisition
and further extend its market reach both domestically and in the
international markets.
</p>
<p>
The Company did not have any intellectual property licensing revenues for
the three or six months ended January 31, 2008.  Management does not
anticipate any additional licensing revenues from the patents which have
generated such revenues in prior fiscal years.
</p>
<p>
Conference Call and Webcast
</p>
<p>
Asure Software has scheduled a conference call with the investment
community for Thursday, March 13, 2008, at 10:00 a.m. CT (11:00 a.m. ET) to
discuss the quarter and outlook.  To take part in the call, please dial
888-713-4214 ten minutes before the conference call begins, ask for the
Asure Software event, and use pass code 20424492. International callers
should dial 617-213-4866 and reference the same pass code. 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 Asure's web site at www.asuresoftware.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.asuresoftware.com.
</p>
<p>
About Asure Software
</p>
<p>
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a of Forgent
Networks, Inc.), empowers small to mid-size organizations and divisions of
large enterprises to operate more efficiently, increase worker productivity
and reduce costs through a suite of on-demand workforce management software
and services. Asure's market-leading products include workforce time and
attendance tracking, benefits enrollment and tracking, pay stubs and W2
documentation, expense management, meeting room management, and asset
tracking. With additional offices in Seekonk, Mass., Vancouver, British
Columbia, and Mumbai, India, Asure serves 3,500 customers around the world.
For more information, please visit www.asuresoftware.com.
</p>
<p>
Safe Harbor
</p>
<p>
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements in this press release regarding Forgent's business
which are not historical facts are "forward-looking statements" that
involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in the
Company's Annual Report or Form 10-K for the most recently ended fiscal
year.
</p>
<p>
<pre>
                                        JANUARY 31,      JULY 31,
                                           2008            2007
                                        -----------     ----------
                                        (UNAUDITED)
                     ASSETS
Current Assets:
    Cash and cash equivalents           $    13,939     $    33,524
    Short-term investments                    3,862           1,538
    Accounts receivable, net of
     allowance for doubtful accounts
     of $39 and $21 at January 31,
     2008 and July 31, 2007,
     respectively                             1,582           1,040
    Prepaid expenses and other current
     assets                                     298             211
                                        -----------     -----------
        Total Current Assets                 19,681          36,313

Property and equipment, net                   1,005             767
Goodwill                                      7,202              --
Intangible assets, net                        4,959              --
Other assets                                     51             212
                                        -----------     -----------
                                        $    32,898     $    37,292
                                        ===========     ===========

     LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
  Accounts payable                      $     3,975     $    10,970
  Accrued compensation and benefits             499             557
  Other accrued liabilities                     828             855
  Deferred revenue                            1,311           1,076
                                        -----------     -----------
        Total Current Liabilities             6,613          13,458

Long-Term Liabilities:
  Deferred revenue                               29              28
  Other long-term obligations                   943           1,186
                                        -----------     -----------
        Total Long-Term Liabilities             972           1,214

Stockholders' Equity:
  Preferred stock, $.01 par value;
   10,000 authorized; none issued
   or outstanding                                --              --
  Common stock, $.01 par value; 40,000
   authorized; 32,739 and 27,388
   shares issued; 30,949 and 25,598
   shares outstanding at January 31,
   2008 and July 31, 2007, respectively         325             274
  Treasury stock at cost, 1,790 issued
   at January 31, 2008 and July 31, 2007     (4,815)         (4,815)
  Additional paid-in capital                270,666         265,647
  Accumulated deficit                      (240,908)       (238,506)
  Accumulated other comprehensive income         45              20
                                        -----------     -----------
    Total Stockholders' Equity               25,313          22,620
                                        -----------     -----------
                                        $    32,898     $    37,292
                                        ===========     ===========



                                         FOR THE             FOR THE
                                    THREE MONTHS ENDED   SIX MONTHS ENDED
                                        JANUARY 31,         JANUARY 31,
                                      2008      2007      2008      2007
                                    --------  --------  --------  --------
                                       (UNAUDITED)         (UNAUDITED)

REVENUES
  Software &amp; Professional Services  $  2,734  $  1,017  $  4,608  $  1,979
  Intellectual Property Licensing         --        28        --     8,162
                                    --------  --------  --------  --------
     Total Revenue                     2,734     1,045     4,608    10,141
COST OF SALES
  Software &amp; Professional Services       629       192       958       502
  Intellectual Property Licensing         --         3        --     3,543
                                    --------  --------  --------  --------
     Total Cost of Sales                 629       195       958     4,045

GROSS MARGIN                           2,105       850     3,650     6,096

OPERATING EXPENSES:
  Selling, general and administrative  2,962     2,539     5,402     5,039
  Research and development               640       132       931       248
  Amortization of intangible assets      155        --       191         4
                                    --------  --------  --------  --------
     Total operating expenses          3,757     2,671     6,524     5,291

LOSS FROM OPERATIONS                  (1,652)   (1,821)   (2,874)      805

OTHER INCOME AND (EXPENSES):
  Interest income                        195       234       533       390
  Gain on sale of assets                  --     2,896        --     2,896
  Interest expense and other             (20)      (11)      (40)      (44)
                                    --------  --------  --------  --------
     Total other income and
      (expenses)                         175     3,119       493     3,242

(LOSS) INCOME FROM OPERATIONS,
 BEFORE INCOME TAXES                  (1,477)    1,298    (2,381)    4,047
  Provision for income taxes              (7)       --       (21)       --
                                    --------  --------  --------  --------
NET (LOSS) INCOME                   $ (1,484) $  1,298  $ (2,402) $  4,047
                                    ========  ========  ========  ========

BASIC AND DILUTED (LOSS) INCOME
 PER SHARE:                         $  (0.05) $   0.05  $  (0.08) $   0.16
                                    ========  ========  ========  ========
WEIGHTED AVERAGE SHARES
 OUTSTANDING:
    Basic                             30,940    25,489    29,017    25,435
    Diluted                           30,940    26,086    29,017    25,867
</pre>

</p>
<pre>
Investor contact:
Jay Peterson
512-437-2476
jay_peterson@asuresoftware.com</a>

Media contact:
Susan Tull
512-577-2956
susan_tull@asuresoftware.com</a>


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