-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0001102624-08-000346.txt : 20081216
<SEC-HEADER>0001102624-08-000346.hdr.sgml : 20081216
<ACCEPTANCE-DATETIME>20081216090216
ACCESSION NUMBER:		0001102624-08-000346
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081216
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081216
DATE AS OF CHANGE:		20081216

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:		081251193

	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>ASURE 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: December  16, 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 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 December  16, 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: December  16, 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 December  16, 2008</td>
</tr>
</table>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>forgentnetworksinc8.htm
<DESCRIPTION>ASURE PRESS RELEASE
<TEXT>

<p></p>
<b>Asure Software Announces Financial Results for the 2009 Fiscal First Quarter</b>
<p>AUSTIN, TX -- 12/16/2008 --  Asure Software (NASDAQ: ASUR), a leading
provider of workforce management software, today announced financial
results for the 2009 fiscal first quarter, ended October 31, 2008.
</p>
<p>
<br>
Highlights included:
</p>
<p>
<pre>
- --  Asure Software increased its gross margin percentage to 80% in Q1 2009
    compared to 78% in Q4 2008.

- --  Completion of the assignment of the Company's headquarters lease is
    anticipated to be effective in January 2009, resulting in a reduction of
    expenses of approximately $200,000 per quarter.
    </pre>
</p>
<p>
"The current economic downturn accelerated during Asure Software's 2009
fiscal year first quarter, and its effects cannot be ignored," commented
Richard Snyder, Chairman and Chief Executive Officer of Asure Software.
"However, while our revenues in the first quarter softened as compared with
the prior quarter, we achieved an increase in our gross margin percentage
of 2% for the same period and continued to see solid demand in our key
markets."
</p>
<p>
Mr. Snyder continued, "Our business model positions us well in an adverse
economy.  This is because we offer our customers cost savings and
operational flexibility in the key area of workforce management, where
companies typically incur 40% to 60% of their overhead costs.  We have
retooled our products and services to provide cost-effective implementation
and turn-key ease of use, and believe that we have the cost-cutting
workforce management solutions that companies are seeking in this
challenging economy."
</p>
<p>
Additional First Quarter Highlights
</p>
<p>
Sequentially, Asure's total revenues declined approximately 3% in Q1-2009,
to $2.8 million, from $2.9 million in Q4-2008.
</p>
<p>
Selling, general and administrative expenses increased by approximately 11%
in Q1-2009, to $3.2 million, compared to $2.9 million in Q4-2008.  This
increase was primarily due to an increase in legal expenses associated with
litigation relating to the assignment of the Company's headquarters lease
in Austin, TX.
</p>
<p>
At October 31, 2008, the Company had working capital of $8.6 million, and
cash, cash equivalents and short-term investments of $13.8 million on its
balance sheet.
</p>
<p>
Conference Call Details
</p>
<p>
Asure Software has scheduled a conference call for today, December 16, 2008
at 11:00 a.m. ET (10:00 a.m. CT) to discuss its most recent financial
results and outlook.  Participating in the call will be Richard Snyder,
Chairman and Chief Executive Officer; Jay Peterson, Vice President Finance;
and Nancy Harris, Chief Operating Officer.
</p>
<p>
To take part, please dial 866-825-3209 ten minutes before the conference
call begins, ask for the Asure Software event and use passcode 27645932.
International callers should dial 617-213-8061 and reference the same
passcode, 27645932.
</p>
<p>
Investors, analysts, media and the general public will also have the
opportunity to listen to the conference call in listen-only mode via the
Internet by visiting the investor relations page of Asure's web site at
www.asuresoftware.com.  To monitor 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, an
archived replay will be available shortly after the call on the investor
relations page of the Company's 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 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:
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 could cause actual results to
differ from those contained in the forward-looking statements.
</p>
<p>
<pre>

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



                                                  OCTOBER 31,    JULY 31,
                                                     2008          2008
                                                  -----------  -----------
                                                  (UNAUDITED)
ASSETS
Current Assets:
  Cash and equivalents                            $    10,554  $    12,062
  Short-term investments                                3,289        2,627
  Accounts receivable, net of allowance for
   doubtful accounts of $47 and $41 at October
   31, 2008 and July 31, 2008, respectively             1,333        1,718
  Inventory                                                58           74
  Prepaid expenses and other current assets               217          191
                                                  -----------  -----------
     Total Current Assets                              15,451       16,672

Property and equipment, net                               775          907
Intangible assets, net                                  4,534        4,729
                                                  -----------  -----------
                                                  $    20,760  $    22,308
                                                  ===========  ===========
LIABILITIES AND STOCKHOLDERS&#146; EQUITY
Current Liabilities:
  Accounts payable                                $     4,054  $     3,778
  Accrued compensation and benefits                       192          203
  Lease impairment and advance                            355          373
  Other accrued liabilities                               335          384
  Deferred revenue                                      1,874        1,844
                                                  -----------  -----------
     Total Current Liabilities                          6,810        6,582

Long-Term Liabilities:
  Deferred revenue                                         27           25
  Lease impairment and advance                            455          564
  Other long-term obligations                             207          217
                                                  -----------  -----------
     Total Long-Term Liabilities                          689          806

Stockholders&#146; Equity:
  Preferred stock, $.01 par value; 10,000 shares
   authorized; none issued or outstanding                  --           --
  Common stock, $.01 par value; 40,000 shares
   authorized; 32,899 and 32,892 shares issued;
   31,109 and 31,102 shares outstanding at
   October 31, 2008 and July 31, 2008,
   respectively                                           329          329
  Treasury stock at cost, 1,790 shares at
   October 31, 2008 and July 31, 2008                  (4,815)      (4,815)
  Additional paid-in capital                          270,695      270,657
  Accumulated deficit                                (252,753)    (251,214)
  Accumulated other comprehensive income                 (195)         (37)
                                                  -----------  -----------
     Total Stockholders&#146; Equity                        13,261       14,920
                                                  -----------  -----------
                                                  $    20,760  $    22,308
                                                  ===========  ===========






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




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

Revenues                                          $     2,792  $     1,875
Cost of Sales                                            (564)        (330)
                                                  -----------  -----------
  Gross Margin                                          2,228        1,545

OPERATING EXPENSES:
  Selling, general and administrative                   3,197        2,440
  Research and development                                561          291
  Amortization of intangible assets                       149           36
                                                  -----------  -----------
     Total Operating Expenses                           3,907        2,767

LOSS FROM OPERATIONS                                   (1,679)      (1,222)

OTHER INCOME AND (EXPENSES):
  Interest income                                          55          338
  Foreign currency translation                            120           (7)
  Interest expense and other                              (10)         (13)
                                                  -----------  -----------
     Total Other Income                                   165          318

LOSS FROM OPERATIONS, BEFORE INCOME TAXES              (1,514)        (904)
  Provision for income taxes                              (25)         (14)
                                                  -----------  -----------
NET LOSS                                          $    (1,539) $      (918)
                                                  ===========  ===========

BASIC AND DILUTED LOSS PER SHARE:
  Net loss per share - basic and diluted          $     (0.05) $     (0.03)
                                                  ===========  ===========
WEIGHTED AVERAGE SHARES OUTSTANDING:
  Basic                                                31,104       27,094
                                                  ===========  ===========
  Diluted                                              31,104       27,094
                                                  ===========  ===========
</pre>

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

Sean Collins
Senior Partner
CCG Investor Relations
310-477-9800, ext. 202
www.ccgir.com</a>

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


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