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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001102624-08-000244.txt : 20080924
<SEC-HEADER>0001102624-08-000244.hdr.sgml : 20080924
<ACCEPTANCE-DATETIME>20080924172318
ACCESSION NUMBER:		0001102624-08-000244
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080919
ITEM INFORMATION:		Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080924
DATE AS OF CHANGE:		20080924

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:		081087173

	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: September 19, 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 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 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing</b></b><br>
<br>
See Press Release of Forgent Networks, Inc., dated September 24, 2008, attached as Exhibit 99.1.
<p>
<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 September 24, 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: September 24, 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 September 24, 2008</td>
</tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>forgentnetworksinc8.htm
<DESCRIPTION>FORGENT NETWORKS, INC. COVER SHEET
<TEXT>

<p></p>
<b>Asure Software Transfers Trading to NASDAQ Capital Market</b>
<p>AUSTIN, TX -- 09/24/2008 --  Asure Software (NASDAQ: ASUR), a leading
provider of workforce management software, today announced it has received
approval from the NASDAQ Listing Qualifications Staff to transfer the
listing of its common stock from the NASDAQ Global Market to the NASDAQ
Capital Market. The transfer was effective as of the market opening on
September 19, 2008.
</p>
<p>
The NASDAQ Capital Market is one of the three market tier designations for
NASDAQ-listed stocks, and presently includes over 550 companies. The Asure
trading symbol will continue to be "ASUR" and trading of the Company's
stock is unaffected by this change. Securities listed on the NASDAQ Capital
Market must satisfy all applicable qualification requirements for NASDAQ
securities and all companies listed on the NASDAQ Capital Market must meet
certain financial requirements and adhere to NASDAQ's corporate governance
standards.
</p>
<p>
The listing transfer is part of the Company's action taken in response to a
letter received from NASDAQ on February 4, 2008 regarding Asure's
non-compliance with Marketplace Rule 4450(a)(5), the maintenance of a
minimum bid price of $1.00 per share for a period of 30 consecutive days,
which is a requirement of NASDAQ to maintain continued listing. Upon
transfer of its common stock to the NASDAQ Capital Market, the Company has
an additional 180 calendar days from the original August 4, 2008 deadline,
or until February 2, 2009, to regain compliance with NASDAQ's minimum bid
price requirement. As a result of these developments, the Company's
previously pending hearing before a NASDAQ Listing Qualifications Panel is
no longer necessary and will not occur.
</p>
<p>
Richard Snyder, Chairman and CEO of Asure Software, commented, "We realize
that it can take time for the market to recognize a company's progress
toward its goals to achieve sharp competitive focus and internal
right-sizing.  In recent months, we announced third quarter results
including software and service revenues of $2.7 million (a 177% increase
from the same quarter in 2007), the attainment of record quarterly
recurring revenues of $1.6 million and a headcount reduction of 44% from
October 2007 to May 2008.  We have also announced the availability of our
enhanced version of the iEmployee Time and Attendance product, enhanced
functionality for Meeting Room Manager, the signing of our 200th healthcare
customer and our expanded iEmployee Partnership, among other developments
which bode well for continued top- and bottom-line improvement in coming
quarters. Based on these achievements and other milestones that we expect
to attain in the balance of calendar 2008 and early 2009, we are confident
that the recognition that is due to Asure should materialize and may become
reflected in our share price."
</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 comprehensive suite of on-demand workforce
management software and services. Asure's market-leading suite includes
products that optimize workforce time and attendance tracking, benefits
enrollment and tracking, pay stubs and W2 documentation, expense
management, meeting and event management, and asset tracking and
reservations. 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" Statement under the Private Securities Litigation Reform Act
of 1995:
</p>
<p>
Statements in this press release regarding Forgent's business which are not
historical facts are "forward-looking statements" that involve risks and
uncertainties. Such risks and uncertainties include those associated with
continued listing of the Company's securities on the NASDAQ Capital Market.
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 most recent Annual Report or Form 10-K.

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

Media contact:
Lisa Flynn
512-437-2678
lisa_flynn@asuresoftware.com</a>


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